Creative Planning Purchases 333 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Creative Planning grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,964 shares of the financial services provider’s stock after buying an additional 333 shares during the quarter. Creative Planning’s holdings in Jones Lang LaSalle were worth $1,339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Jones Lang LaSalle by 368.4% in the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after acquiring an additional 16,521 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Jones Lang LaSalle by 25.5% during the first quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after buying an additional 18,156 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after buying an additional 9,381 shares during the last quarter. BDF Gestion bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $3,550,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Jones Lang LaSalle in the first quarter valued at approximately $1,715,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group raised their price objective 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. Raymond James lifted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. 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 research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Trading Up 1.1 %

NYSE JLL opened at $275.10 on Thursday. The company has a fifty day moving average of $260.85 and a 200 day moving average of $227.73. The company has a market capitalization of $13.08 billion, a PE ratio of 44.23 and a beta of 1.37. 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 $125.64 and a 1 year high of $280.48.

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, topping the consensus estimate 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 firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $0.50 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 12.55 earnings per share for the current year.

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.