Farther Finance Advisors LLC Purchases 80 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Farther Finance Advisors LLC lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,998 shares of the financial services provider’s stock after purchasing an additional 80 shares during the period. Farther Finance Advisors LLC’s holdings in Jones Lang LaSalle were worth $539,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of Jones Lang LaSalle by 368.4% during the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after purchasing an additional 16,521 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Jones Lang LaSalle by 433.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 9,381 shares during the last quarter. BDF Gestion purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $3,550,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $1,715,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Jones Lang LaSalle by 782.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after purchasing an additional 8,080 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 6.4 %

JLL opened at $261.86 on Thursday. The company has a fifty day moving average price of $262.25 and a 200-day moving average price of $230.81. The firm has a market capitalization of $12.43 billion, a P/E ratio of 33.06 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 one year low of $136.83 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly 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. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 12.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Raymond James lifted 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. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has an average 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.