Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by First Bank & Trust

First Bank & Trust raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,251 shares of the financial services provider’s stock after purchasing an additional 54 shares during the period. First Bank & Trust’s holdings in Jones Lang LaSalle were worth $607,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JLL. Swedbank AB acquired a new stake in Jones Lang LaSalle in the first quarter valued at approximately $97,018,000. EdgePoint Investment Group Inc. lifted its position in shares of Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after acquiring an additional 443,992 shares in the last quarter. Select Equity Group L.P. purchased a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $55,152,000. Massachusetts Financial Services Co. MA lifted its position in shares of Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after acquiring an additional 181,246 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after acquiring an additional 146,150 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 1.1 %

NYSE:JLL traded down $3.10 on Friday, reaching $271.03. The company’s stock had a trading volume of 167,425 shares, compared to its average volume of 283,168. Jones Lang LaSalle Incorporated has a 12-month low of $120.75 and a 12-month high of $279.65. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 34.22 and a beta of 1.37. The stock has a 50 day moving average price of $259.22 and a 200 day moving average price of $225.59.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the topic of several research reports. UBS Group raised their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Raymond James lifted their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $246.80.

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.