Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 68.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,394 shares of the financial services provider's stock after selling 15,867 shares during the quarter. Bank of Montreal Can's holdings in Jones Lang LaSalle were worth $1,519,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Jones Lang LaSalle by 143.6% during the second quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider's stock valued at $4,447,000 after buying an additional 12,767 shares during the last quarter. Bridges Investment Management Inc. bought a new position in Jones Lang LaSalle in the 2nd quarter valued at $817,000. Canada Pension Plan Investment Board increased its stake in Jones Lang LaSalle by 45.5% in the second quarter. Canada Pension Plan Investment Board now owns 73,500 shares of the financial services provider's stock worth $15,088,000 after purchasing an additional 23,000 shares during the period. Granite Investment Partners LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $4,256,000. Finally, Intech Investment Management LLC boosted its stake in shares of Jones Lang LaSalle by 508.4% during the second quarter. Intech Investment Management LLC now owns 11,790 shares of the financial services provider's stock valued at $2,420,000 after purchasing an additional 9,852 shares during the period. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded down $3.83 during mid-day trading on Friday, reaching $260.86. 224,975 shares of the company traded hands, compared to its average volume of 283,621. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 41.94 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The firm's fifty day moving average is $252.23 and its two-hundred day moving average is $218.09. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $273.82.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The company's revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Raymond James boosted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, June 21st. UBS Group lifted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $246.80.

Jones Lang LaSalle Company 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.