BNP Paribas Financial Markets Has $9.93 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

BNP Paribas Financial Markets raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 29.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,809 shares of the financial services provider's stock after acquiring an additional 8,360 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Jones Lang LaSalle worth $9,931,000 as of its most recent SEC filing.

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

Jones Lang LaSalle Price Performance

JLL stock traded down $2.45 during trading on Monday, hitting $278.15. The company had a trading volume of 217,237 shares, compared to its average volume of 286,967. The company has a fifty day moving average price of $267.69 and a two-hundred day moving average price of $241.06. Jones Lang LaSalle Incorporated has a fifty-two week low of $159.52 and a fifty-two week high of $288.50. The company has a market cap of $13.20 billion, a P/E ratio of 28.46 and a beta of 1.37. 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 (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 EPS. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of recent research reports. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on 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. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and a consensus price target of $271.50.

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.