Raymond James Financial Inc. Acquires Shares of 104,634 Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James Financial Inc. acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 104,634 shares of the financial services provider’s stock, valued at approximately $26,487,000. Raymond James Financial Inc. owned approximately 0.22% of Jones Lang LaSalle at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares in the last quarter. Boston Trust Walden Corp increased its position in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after acquiring an additional 5,663 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares during the period. Finally, Diversified Trust Co acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $567,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $249.68 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The firm’s 50 day moving average price is $266.07 and its two-hundred day moving average price is $264.46. The firm has a market cap of $11.83 billion, a P/E ratio of 22.12 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the firm posted $4.23 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $309.00.

About Jones Lang LaSalle

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.