First Trust Direct Indexing L.P. Takes $457,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

First Trust Direct Indexing L.P. purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,694 shares of the financial services provider’s stock, valued at approximately $457,000.

A number of other large investors have also made changes to their positions in JLL. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Jones Lang LaSalle in the first quarter worth approximately $1,715,000. Van ECK Associates Corp grew its holdings in Jones Lang LaSalle by 31.1% during the 1st quarter. Van ECK Associates Corp now owns 11,963 shares of the financial services provider’s stock worth $2,334,000 after acquiring an additional 2,837 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter valued at about $426,000. BNP Paribas Financial Markets raised its position in shares of Jones Lang LaSalle by 31.5% in the 1st quarter. BNP Paribas Financial Markets now owns 52,689 shares of the financial services provider’s stock valued at $10,279,000 after acquiring an additional 12,626 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Jones Lang LaSalle by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $265.00 on Monday. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 33.46 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1 year low of $129.57 and a 1 year high of $280.48. The business has a 50 day simple moving average of $261.44 and a 200-day simple moving average of $229.03. 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 (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (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 business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.50 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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 report on Thursday, July 25th. Keefe, Bruyette & Woods increased 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 research report on Thursday, August 8th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two research 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 stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target 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.