Janney Montgomery Scott LLC Increases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Janney Montgomery Scott LLC lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 38.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,072 shares of the financial services provider’s stock after buying an additional 1,418 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Jones Lang LaSalle were worth $766,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Jones Lang LaSalle by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,345,723 shares of the financial services provider’s stock worth $1,759,007,000 after purchasing an additional 40,866 shares during the last quarter. State Street Corp increased its position in shares of Jones Lang LaSalle by 5.3% in the first quarter. State Street Corp now owns 1,373,781 shares of the financial services provider’s stock worth $328,966,000 after purchasing an additional 69,533 shares during the last quarter. Ariel Investments LLC increased its position in shares of Jones Lang LaSalle by 1.2% in the first quarter. Ariel Investments LLC now owns 1,136,329 shares of the financial services provider’s stock worth $272,105,000 after purchasing an additional 13,372 shares during the last quarter. Invesco Ltd. increased its position in shares of Jones Lang LaSalle by 6.1% in the first quarter. Invesco Ltd. now owns 597,677 shares of the financial services provider’s stock worth $143,121,000 after purchasing an additional 34,534 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Jones Lang LaSalle by 1.5% in the third quarter. Nordea Investment Management AB now owns 518,640 shares of the financial services provider’s stock worth $78,014,000 after purchasing an additional 7,840 shares during the last quarter. 93.64% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 0.5 %

Shares of Jones Lang LaSalle stock opened at $175.00 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.14 and a current ratio of 2.14. Jones Lang LaSalle Incorporated has a 52-week low of $135.35 and a 52-week high of $264.40. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 9.83 and a beta of 1.23. The company’s 50 day moving average price is $163.63 and its 200-day moving average price is $167.17.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last issued its earnings results on Wednesday, November 2nd. The financial services provider reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.52 by ($1.12). Jones Lang LaSalle had a return on equity of 16.20% and a net margin of 4.25%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.20 billion. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.17 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Raymond James reduced their price target on shares of Jones Lang LaSalle from $267.00 to $243.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of Jones Lang LaSalle from $193.00 to $171.00 and set a “sell” rating on the stock in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $249.00.

Jones Lang LaSalle Company Profile

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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.