Daiwa Securities Group Inc. Buys Shares of 2,666 Jones Lang LaSalle Incorporated (NYSE:JLL)

Daiwa Securities Group Inc. acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,666 shares of the financial services provider's stock, valued at approximately $719,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. Harbor Capital Advisors Inc. lifted its stake in shares of Jones Lang LaSalle by 433.3% in the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider's stock valued at $2,370,000 after purchasing an additional 9,381 shares during the period. BDF Gestion purchased a new stake in Jones Lang LaSalle during the second quarter worth $3,550,000. Wealth Enhancement Advisory Services LLC grew its stake in Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider's stock valued at $1,871,000 after acquiring an additional 8,080 shares during the last quarter. Comerica Bank raised its position in Jones Lang LaSalle by 24.5% during the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider's stock worth $5,205,000 after acquiring an additional 5,255 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $1,689,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JLL. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus price target of $271.50.

Jones Lang LaSalle Stock Down 0.6 %

NYSE JLL traded down $1.62 on Friday, reaching $280.60. The company had a trading volume of 119,463 shares, compared to its average volume of 332,190. The firm has a 50-day moving average of $267.69 and a 200-day moving average of $240.83. Jones Lang LaSalle Incorporated has a 1 year low of $154.43 and a 1 year high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market capitalization of $13.31 billion, a PE ratio of 28.37 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.62 billion. During the same period in the prior year, the business posted $2.01 EPS. The business's revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

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.