Raymond James & Associates Acquires 3,577 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James & Associates lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,106 shares of the financial services provider’s stock after acquiring an additional 3,577 shares during the period. Raymond James & Associates’ holdings in Jones Lang LaSalle were worth $6,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Covestor Ltd raised its position in shares of Jones Lang LaSalle by 61.3% in the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 57 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Jones Lang LaSalle by 2.5% in the 4th quarter. Kestra Advisory Services LLC now owns 2,677 shares of the financial services provider’s stock valued at $427,000 after buying an additional 66 shares during the period. Arjuna Capital grew its stake in shares of Jones Lang LaSalle by 3.7% in the 4th quarter. Arjuna Capital now owns 2,004 shares of the financial services provider’s stock valued at $319,000 after buying an additional 72 shares during the period. Profund Advisors LLC grew its stake in shares of Jones Lang LaSalle by 3.2% in the 4th quarter. Profund Advisors LLC now owns 2,394 shares of the financial services provider’s stock valued at $382,000 after buying an additional 74 shares during the period. Finally, Riverview Trust Co grew its stake in shares of Jones Lang LaSalle by 39.6% in the 4th quarter. Riverview Trust Co now owns 275 shares of the financial services provider’s stock valued at $44,000 after buying an additional 78 shares during the period. 93.64% of the stock is owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $144.07 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $6.88 billion, a PE ratio of 14.11 and a beta of 1.28. The stock’s 50 day moving average price is $138.79 and its 200-day moving average price is $156.99. Jones Lang LaSalle Incorporated has a twelve month low of $123.00 and a twelve month high of $202.38.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.04). The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.43 billion. Jones Lang LaSalle had a return on equity of 10.30% and a net margin of 2.41%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $3.47 EPS. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 14.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com assumed coverage on Jones Lang LaSalle in a research note on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $214.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. The Goldman Sachs Group cut their price target on Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating for the company in a research note on Monday, April 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $218.00 price target for the company in a research note on Wednesday, March 15th. Finally, TheStreet downgraded Jones Lang LaSalle from a “b-” rating to a “c” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $201.17.

Jones Lang LaSalle Profile

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Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.