Jones Lang LaSalle Incorporated $JLL Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,450 shares of the financial services provider’s stock after buying an additional 210 shares during the quarter. Tributary Capital Management LLC’s holdings in Jones Lang LaSalle were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of JLL. Wealth Enhancement Advisory Services LLC raised its stake in shares of Jones Lang LaSalle by 12.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,451 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 159 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Jones Lang LaSalle by 34.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider’s stock worth $2,176,000 after acquiring an additional 2,252 shares in the last quarter. State of Alaska Department of Revenue raised its position in Jones Lang LaSalle by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,556 shares of the financial services provider’s stock worth $1,377,000 after acquiring an additional 145 shares in the last quarter. PFG Investments LLC raised its position in Jones Lang LaSalle by 36.2% in the first quarter. PFG Investments LLC now owns 1,555 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 413 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Jones Lang LaSalle by 17.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,138 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 1.0%

JLL opened at $313.25 on Thursday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $14.84 billion, a P/E ratio of 26.93 and a beta of 1.39. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $322.36. The business’s fifty day simple moving average is $302.41 and its 200 day simple moving average is $261.67.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 earnings per share. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JLL. Citizens Jmp began coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. UBS Group increased their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $338.29.

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.