Raymond James Financial Inc. Acquires Shares of 104,634 Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James Financial Inc. acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 104,634 shares of the financial services provider's stock, valued at approximately $26,487,000. Raymond James Financial Inc. owned about 0.22% of Jones Lang LaSalle at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock worth $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after purchasing an additional 5,663 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Principal Securities Inc. boosted its holdings in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $567,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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Jones Lang LaSalle Stock Down 2.3 %

Shares of Jones Lang LaSalle stock traded down $5.71 during trading hours on Tuesday, reaching $247.77. 185,584 shares of the company were exchanged, compared to its average volume of 296,695. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The stock's fifty day moving average is $265.94 and its 200 day moving average is $264.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market cap of $11.74 billion, a PE ratio of 21.95 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the company earned $4.23 earnings per share. The company's revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JLL shares. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price target on the stock. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and an average target price of $309.00.

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.