Sequoia Financial Advisors LLC Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Sequoia Financial Advisors LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,301 shares of the financial services provider’s stock after purchasing an additional 143 shares during the period. Sequoia Financial Advisors LLC’s holdings in Jones Lang LaSalle were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. New Century Financial Group LLC purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at about $311,000. Resonant Capital Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $249,000. Blue Trust Inc. raised its stake in shares of Jones Lang LaSalle by 172.7% in the 3rd quarter. Blue Trust Inc. now owns 1,197 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 758 shares in the last quarter. Trust Point Inc. acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $233,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $37,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Jones Lang LaSalle Stock Up 0.8 %

Shares of NYSE:JLL opened at $273.07 on Tuesday. Jones Lang LaSalle Incorporated has a 52 week low of $123.17 and a 52 week high of $279.65. 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 company has a market cap of $12.99 billion, a PE ratio of 43.90 and a beta of 1.37. The firm has a 50 day simple moving average of $259.71 and a 200 day simple moving average of $226.75.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 12.55 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.