Ritholtz Wealth Management Takes $568,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Ritholtz Wealth Management bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,106 shares of the financial services provider's stock, valued at approximately $568,000.

A number of other large investors have also added to or reduced their stakes in JLL. Chicago Partners Investment Group LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $213,000. Rise Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $30,000. McLean Asset Management Corp bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $534,000. Abacus Planning Group Inc. grew its position in Jones Lang LaSalle by 48.1% during the first quarter. Abacus Planning Group Inc. now owns 2,155 shares of the financial services provider's stock valued at $420,000 after buying an additional 700 shares during the period. Finally, Gateway Investment Advisers LLC purchased a new stake in Jones Lang LaSalle during the first quarter valued at approximately $435,000. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on JLL. Keefe, Bruyette & Woods upped 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. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. UBS Group boosted their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 3rd. Raymond James raised their target price on shares of 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and an average target price of $246.80.

Jones Lang LaSalle Trading Down 0.7 %

NYSE:JLL traded down $1.86 during mid-day trading on Wednesday, hitting $267.20. 363,260 shares of the stock traded hands, compared to its average volume of 281,487. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 42.96 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $273.82. The firm's 50 day moving average is $255.71 and its two-hundred day moving average is $222.28.

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 predict that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current 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.