Farther Finance Advisors LLC Buys 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 third quarter, HoldingsChannel.com reports. The fund owned 1,998 shares of the financial services provider’s stock after acquiring an additional 80 shares during the quarter. Farther Finance Advisors LLC’s holdings in Jones Lang LaSalle were worth $539,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $34,000. UMB Bank n.a. lifted its stake in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Jones Lang LaSalle in the third quarter worth $37,000. Massmutual Trust Co. FSB ADV lifted its stake in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $261.86 on Thursday. Jones Lang LaSalle Incorporated has a 12 month low of $136.83 and a 12 month high of $288.50. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $262.25 and a 200-day moving average price of $230.81. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 33.06 and a beta of 1.37.

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 the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on JLL. Raymond James boosted their price target 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. 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, Keefe, Bruyette & Woods upped 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. Two 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, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average 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.