816 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Purchased by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 816 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other large investors also recently bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its position in 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 worth $404,235,000 after purchasing an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after purchasing an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in 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 worth $215,419,000 after purchasing an additional 181,246 shares during the last quarter. Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after purchasing an additional 7,698 shares during the last quarter. Finally, Swedbank AB purchased a new position in Jones Lang LaSalle in the first quarter worth about $97,018,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 0.6 %

NYSE JLL opened at $265.62 on Friday. The stock’s 50 day moving average is $256.23 and its 200 day moving average is $222.58. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $273.82. The stock has a market cap of $12.63 billion, a PE ratio of 42.70 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping 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 analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on JLL. UBS Group raised their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Raymond James lifted their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus target price of $246.80.

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.