Raymond James Trust N.A. Has $412,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Raymond James Trust N.A. reduced its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,528 shares of the financial services provider’s stock after selling 225 shares during the period. Raymond James Trust N.A.’s holdings in Jones Lang LaSalle were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Intech Investment Management LLC lifted its position in shares of Jones Lang LaSalle by 142.6% in the 3rd quarter. Intech Investment Management LLC now owns 28,607 shares of the financial services provider’s stock worth $7,718,000 after purchasing an additional 16,817 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Jones Lang LaSalle by 29.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after acquiring an additional 2,430 shares in the last quarter. Commerce Bank acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $243,000. Meeder Asset Management Inc. grew its stake in Jones Lang LaSalle by 19,416.1% during the third quarter. Meeder Asset Management Inc. now owns 6,050 shares of the financial services provider’s stock worth $1,632,000 after purchasing an additional 6,019 shares during the period. Finally, Pathstone Holdings LLC increased its holdings in Jones Lang LaSalle by 4.3% in the third quarter. Pathstone Holdings LLC now owns 24,592 shares of the financial services provider’s stock worth $6,635,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $271.50.

Jones Lang LaSalle Stock Down 0.2 %

Jones Lang LaSalle stock opened at $283.09 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $265.81 and its two-hundred day moving average price is $238.72. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 28.62 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1-year low of $153.26 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the previous year, the company posted $2.01 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal 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.