Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,158 shares of the financial services provider’s stock after selling 249 shares during the quarter. Vontobel Holding Ltd.’s holdings in Jones Lang LaSalle were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Creative Planning lifted its stake in shares of Jones Lang LaSalle by 7.2% in the 3rd quarter. Creative Planning now owns 4,964 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 333 shares during the period. Oliver Luxxe Assets LLC bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $6,261,000. Polianta Ltd acquired a new stake in Jones Lang LaSalle in the third quarter worth approximately $1,160,000. Burns Matteson Capital Management LLC acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $234,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth $568,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.6 %

Jones Lang LaSalle stock opened at $261.26 on Wednesday. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $273.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 42.00 and a beta of 1.37. The company has a 50 day moving average price of $257.40 and a 200 day moving average price of $224.04.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. Jones Lang LaSalle’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Research analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on JLL shares. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. UBS Group boosted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Raymond James raised their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle 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.