Stifel Financial Corp Purchases 3,858 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Stifel Financial Corp raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 101.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,644 shares of the financial services provider’s stock after purchasing an additional 3,858 shares during the quarter. Stifel Financial Corp’s holdings in Jones Lang LaSalle were worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of JLL. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. lifted its holdings in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle during the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV increased its holdings in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus price target of $301.57.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $246.93 on Friday. The business has a 50 day moving average price of $269.27 and a 200-day moving average price of $247.35. Jones Lang LaSalle Incorporated has a fifty-two week low of $167.11 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $11.72 billion, a PE ratio of 24.97 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.01 earnings per share. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Jones Lang LaSalle Company Profile

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.