Integrated Advisors Network LLC Invests $586,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Integrated Advisors Network LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,171 shares of the financial services provider's stock, valued at approximately $586,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Jones Lang LaSalle by 368.4% during the first quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider's stock worth $4,098,000 after acquiring an additional 16,521 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings 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 in the last quarter. BDF Gestion acquired a new position in shares of Jones Lang LaSalle during the second quarter worth about $3,550,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Jones Lang LaSalle during the first quarter worth about $1,715,000. Finally, Wealth Enhancement Advisory Services LLC raised its position 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 buying an additional 8,080 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JLL shares. Keefe, Bruyette & Woods boosted their price objective on shares of 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. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Finally, Raymond James upped their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $246.80.

Jones Lang LaSalle Trading Down 2.2 %

NYSE:JLL traded down $5.96 during trading hours on Friday, hitting $265.00. 365,727 shares of the company were exchanged, compared to its average volume of 282,842. The company has a fifty day simple moving average of $261.44 and a 200 day simple moving average of $228.64. Jones Lang LaSalle Incorporated has a one year low of $129.57 and a one year high of $280.48. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 33.46 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.48 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm's revenue was up 11.4% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current fiscal 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.