Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 86.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205 shares of the financial services provider's stock after selling 7,908 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Jones Lang LaSalle were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Jones Lang LaSalle by 368.4% during the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider's stock worth $4,098,000 after purchasing an additional 16,521 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider's stock valued at $2,370,000 after acquiring an additional 9,381 shares during the period. BDF Gestion purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $3,550,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $710,000. Finally, Comerica Bank increased its holdings in shares of Jones Lang LaSalle by 24.5% in the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider's stock valued at $5,205,000 after purchasing an additional 5,255 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of 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. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a "market perform" rating in a report on Thursday, August 8th. Two research 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $246.80.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $4.14 during midday trading on Monday, reaching $273.20. 300,746 shares of the company traded hands, compared to its average volume of 287,116. The firm has a market cap of $12.96 billion, a PE ratio of 27.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.58. The firm's 50 day simple moving average is $262.99 and its two-hundred day simple moving average is $232.59. Jones Lang LaSalle Incorporated has a 1-year low of $136.83 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 EPS. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 12.99 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.