First National Bank of Omaha Reduces Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

First National Bank of Omaha trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,637 shares of the financial services provider's stock after selling 3,378 shares during the quarter. First National Bank of Omaha owned about 0.08% of Jones Lang LaSalle worth $10,155,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Huntington National Bank lifted its holdings in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after buying an additional 38 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after purchasing an additional 39 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 47 shares during the period. Parallel Advisors LLC increased its position in shares of Jones Lang LaSalle by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider's stock valued at $334,000 after purchasing an additional 49 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in shares of Jones Lang LaSalle by 2.5% in the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock worth $607,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday. They set a "buy" rating and a $352.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. Finally, Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $283.00.

Jones Lang LaSalle Price Performance

JLL stock traded up $3.90 during midday trading on Friday, hitting $277.37. The company's stock had a trading volume of 311,773 shares, compared to its average volume of 276,449. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $268.56 and a two-hundred day moving average of $243.67. Jones Lang LaSalle Incorporated has a 12 month low of $162.93 and a 12 month high of $288.50. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 28.05 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.01 earnings per share. On average, analysts expect that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

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.