Smallwood Wealth Investment Management LLC Takes $220,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Smallwood Wealth Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 816 shares of the financial services provider’s stock, valued at approximately $220,000.

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

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $265.62 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $273.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The business has a fifty day moving average price of $256.23 and a 200-day moving average price of $222.58. The company has a market capitalization of $12.63 billion, a PE ratio of 42.70 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.50 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on JLL. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. UBS Group raised their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Raymond James raised their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. 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 investment 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 stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $246.80.

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.