Janney Montgomery Scott LLC Boosts Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Janney Montgomery Scott LLC raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 34.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,779 shares of the financial services provider's stock after purchasing an additional 2,252 shares during the quarter. Janney Montgomery Scott LLC's holdings in Jones Lang LaSalle were worth $2,176,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JLL. Tidal Investments LLC lifted its stake in shares of Jones Lang LaSalle by 4.7% in the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock valued at $214,000 after acquiring an additional 38 shares during the last quarter. Ellevest Inc. grew its stake in shares of Jones Lang LaSalle by 3.7% in the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 50 shares during the period. Bessemer Group Inc. raised its position in Jones Lang LaSalle by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock worth $3,062,000 after purchasing an additional 50 shares during the last quarter. Finally, Hancock Whitney Corp lifted its holdings in Jones Lang LaSalle by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock worth $1,086,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JLL. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup cut their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group dropped their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $305.00.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $9.59 during trading on Thursday, reaching $254.09. The company had a trading volume of 710,771 shares, compared to its average volume of 391,293. The company has a fifty day moving average of $228.98 and a two-hundred day moving average of $246.96. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $12.06 billion, a P/E ratio of 22.97 and a beta of 1.31. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 EPS. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Activity

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer now directly owns 10,297 shares of the company's stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

About Jones Lang LaSalle

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.