Raymond James Financial Inc. Takes $26.49 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James Financial Inc. purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 104,634 shares of the financial services provider's stock, valued at approximately $26,487,000. Raymond James Financial Inc. owned approximately 0.22% of Jones Lang LaSalle as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its position in Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after buying an additional 8,274 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after purchasing an additional 41,331 shares during the last quarter. Norges Bank bought a new position in Jones Lang LaSalle in the 4th quarter valued at approximately $149,468,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after acquiring an additional 65,407 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after purchasing an additional 62,700 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group reduced their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Stock Up 5.9 %

Shares of Jones Lang LaSalle stock traded up $12.53 on Wednesday, hitting $223.19. The company had a trading volume of 85,518 shares, compared to its average volume of 315,161. 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 stock has a 50 day moving average of $244.83 and a 200-day moving average of $258.99. Jones Lang LaSalle Incorporated has a 1 year low of $178.60 and a 1 year high of $288.50. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 19.77 and a beta of 1.22.

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

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.