Raymond James Financial Services Advisors Inc. Sells 251 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James Financial Services Advisors Inc. lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $14,415,000. Massachusetts Financial Services Co. MA raised its position in Jones Lang LaSalle by 8.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock worth $115,506,000 after acquiring an additional 66,014 shares during the period. Ariel Investments LLC boosted its stake in Jones Lang LaSalle by 3.5% in the third quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock valued at $222,259,000 after acquiring an additional 53,883 shares during the last quarter. Klingman & Associates LLC bought a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $6,948,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Jones Lang LaSalle by 104.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 86,749 shares of the financial services provider’s stock worth $12,247,000 after purchasing an additional 44,289 shares during the period. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Stock Up 1.8 %

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

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the company earned $4.36 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current fiscal 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.