HighTower Advisors LLC Grows Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

HighTower Advisors LLC lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,325 shares of the financial services provider’s stock after buying an additional 189 shares during the period. HighTower Advisors LLC’s holdings in Jones Lang LaSalle were worth $903,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JLL. Envestnet Portfolio Solutions Inc. grew its stake in Jones Lang LaSalle by 31.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 538 shares during the last quarter. Blue Trust Inc. increased its holdings in Jones Lang LaSalle by 129.8% in the 2nd quarter. Blue Trust Inc. now owns 439 shares of the financial services provider’s stock worth $86,000 after buying an additional 248 shares during the period. Raymond James & Associates raised its position in Jones Lang LaSalle by 13.0% during the 2nd quarter. Raymond James & Associates now owns 92,798 shares of the financial services provider’s stock worth $19,050,000 after buying an additional 10,704 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Jones Lang LaSalle by 0.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after acquiring an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Jones Lang LaSalle by 409.4% during the second quarter. Fifth Third Bancorp now owns 1,676 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 1,347 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 1.2 %

Shares of NYSE JLL opened at $268.43 on Wednesday. The stock has a market cap of $12.74 billion, a PE ratio of 27.14 and a beta of 1.34. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The company has a 50-day moving average of $269.58 and a 200 day moving average of $247.29.

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 for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target 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 report on Monday. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $301.57.

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.