Stifel Financial Corp Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Stifel Financial Corp boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 101.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,644 shares of the financial services provider's stock after purchasing an additional 3,858 shares during the period. Stifel Financial Corp's holdings in Jones Lang LaSalle were worth $2,062,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JLL. Innealta Capital LLC bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in Jones Lang LaSalle during the third quarter valued at $34,000. UMB Bank n.a. increased its position in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at $37,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after buying an additional 39 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $5.81 on Friday, reaching $252.74. The company's stock had a trading volume of 1,070,993 shares, compared to its average volume of 290,660. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The stock's 50 day simple moving average is $269.27 and its 200-day simple moving average is $247.35. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $11.99 billion, a P/E ratio of 25.56 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $2.01 EPS. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JLL. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target for the company. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus target price of $301.57.

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.