Bank of Montreal Can Cuts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Bank of Montreal Can trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,118 shares of the financial services provider’s stock after selling 276 shares during the period. Bank of Montreal Can’s holdings in Jones Lang LaSalle were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in JLL. Dimensional Fund Advisors LP raised its position in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after purchasing an additional 181,246 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after buying an additional 7,698 shares during the last quarter. Equity Investment Corp grew its holdings in shares of Jones Lang LaSalle by 0.3% during the second quarter. Equity Investment Corp now owns 437,769 shares of the financial services provider’s stock valued at $89,865,000 after buying an additional 1,281 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Jones Lang LaSalle by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 401,621 shares of the financial services provider’s stock valued at $82,445,000 after acquiring an additional 10,149 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $273.47 on Friday. The company has a 50 day moving average price of $268.31 and a 200-day moving average price of $242.31. Jones Lang LaSalle Incorporated has a 1-year low of $162.67 and a 1-year high of $288.50. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 28.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.01 EPS. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research analyst reports. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $271.50.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.