Wealth Enhancement Advisory Services LLC Cuts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 86.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,205 shares of the financial services provider’s stock after selling 7,908 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Jones Lang LaSalle were worth $325,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $34,000. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV boosted its stake in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on 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. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Raymond James increased their price target on 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. Two equities 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $269.06 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.58. The business has a 50 day simple moving average of $262.99 and a 200-day simple moving average of $232.59. Jones Lang LaSalle Incorporated has a 1 year low of $136.83 and a 1 year high of $288.50. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 27.21 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.01 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current year.

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.