12,802 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Bought by Silvant Capital Management LLC

Silvant Capital Management LLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,802 shares of the financial services provider's stock, valued at approximately $3,454,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $1,715,000. Norden Group LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter worth $1,136,000. Van ECK Associates Corp increased its holdings in shares of Jones Lang LaSalle by 31.1% during the first quarter. Van ECK Associates Corp now owns 11,963 shares of the financial services provider's stock worth $2,334,000 after buying an additional 2,837 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $426,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Jones Lang LaSalle by 31.5% during the 1st quarter. BNP Paribas Financial Markets now owns 52,689 shares of the financial services provider's stock valued at $10,279,000 after acquiring an additional 12,626 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JLL has been the topic of a number of recent research reports. Raymond James lifted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a "market perform" rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $246.80.

Jones Lang LaSalle Trading Down 2.2 %

Shares of NYSE:JLL traded down $5.96 during trading on Friday, reaching $265.00. The stock had a trading volume of 365,728 shares, compared to its average volume of 268,383. Jones Lang LaSalle Incorporated has a 52 week low of $129.57 and a 52 week high of $280.48. The firm's fifty day moving average is $261.44 and its 200 day moving average is $228.64. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 33.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58.

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 for the quarter, topping 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 firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company posted $0.50 EPS. The business's quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current fiscal 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.