Concurrent Investment Advisors LLC Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Concurrent Investment Advisors LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 69.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,737 shares of the financial services provider's stock after buying an additional 11,819 shares during the period. Concurrent Investment Advisors LLC owned 0.06% of Jones Lang LaSalle worth $7,754,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hanlon Investment Management Inc. bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at approximately $490,000. TKG Advisors LLC bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at approximately $5,012,000. Asset Management One Co. Ltd. bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at approximately $1,322,000. QRG Capital Management Inc. raised its stake in Jones Lang LaSalle by 2.4% during the 3rd quarter. QRG Capital Management Inc. now owns 5,710 shares of the financial services provider's stock valued at $1,541,000 after purchasing an additional 133 shares during the period. Finally, Vestor Capital LLC increased its stake in Jones Lang LaSalle by 0.9% in the 3rd quarter. Vestor Capital LLC now owns 40,000 shares of the financial services provider's stock worth $10,792,000 after acquiring an additional 358 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 6.4 %

Shares of NYSE JLL traded down $17.96 during trading hours on Wednesday, hitting $261.86. 861,335 shares of the company traded hands, compared to its average volume of 273,756. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 33.06 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The company's 50 day moving average price is $262.25 and its 200 day moving average price is $230.81. Jones Lang LaSalle Incorporated has a 12 month low of $136.83 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.48 billion. During the same quarter in the previous year, the business earned $0.50 EPS. Jones Lang LaSalle's revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JLL shares. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research note on Thursday, August 8th. Finally, Raymond James lifted their price objective on 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. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $246.80.

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.