Raymond James Financial Services Advisors Inc. Has $249,000 Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,319 shares of the financial services provider’s stock after selling 251 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Jones Lang LaSalle were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its position in Jones Lang LaSalle by 2.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,766 shares of the financial services provider’s stock valued at $1,096,000 after purchasing an additional 221 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after buying an additional 96 shares in the last quarter. Boston Trust Walden Corp increased its position in Jones Lang LaSalle by 2.5% in the 3rd quarter. Boston Trust Walden Corp now owns 590,131 shares of the financial services provider’s stock valued at $83,315,000 after acquiring an additional 14,492 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Jones Lang LaSalle by 12.3% during the third quarter. Linden Thomas Advisory Services LLC now owns 4,354 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 476 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $274,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $182.33 on Wednesday. The firm has a market capitalization of $8.66 billion, a P/E ratio of 39.13 and a beta of 1.42. The business has a 50-day moving average of $186.74 and a 200-day moving average of $170.27. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.14.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 EPS for the quarter, beating the consensus estimate of $3.70 by $0.53. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.36 earnings per share. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on JLL shares. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

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.