Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,737 shares of the financial services provider’s stock after acquiring an additional 11,819 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $7,754,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth about $1,715,000. BNP Paribas Financial Markets grew its stake in Jones Lang LaSalle by 31.5% during the 1st quarter. BNP Paribas Financial Markets now owns 52,689 shares of the financial services provider’s stock worth $10,279,000 after purchasing an additional 12,626 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Jones Lang LaSalle by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock worth $1,289,000 after purchasing an additional 96 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Jones Lang LaSalle by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 41,635 shares of the financial services provider’s stock worth $8,123,000 after purchasing an additional 556 shares during the period. Finally, Empowered Funds LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at $202,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JLL shares. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James upped their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Down 4.2 %

NYSE:JLL traded down $11.68 during mid-day trading on Wednesday, reaching $268.14. The stock had a trading volume of 102,222 shares, compared to its average volume of 282,729. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 35.35 and a beta of 1.37. The stock’s 50 day simple moving average is $262.25 and its two-hundred day simple moving average is $230.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle Incorporated has a 1-year low of $136.83 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (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 business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

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.