Dorsey Wright & Associates Buys Shares of 15,848 Jones Lang LaSalle Incorporated (NYSE:JLL)

Dorsey Wright & Associates acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,848 shares of the financial services provider's stock, valued at approximately $4,276,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JLL. FMR LLC lifted its holdings in shares of Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after acquiring an additional 459,466 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider's stock valued at $302,318,000 after acquiring an additional 26,814 shares during the last quarter. State Street Corp raised its position in Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock worth $384,164,000 after purchasing an additional 6,304 shares during the period. Massachusetts Financial Services Co. MA raised its position in Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock worth $215,419,000 after purchasing an additional 181,246 shares during the period. Finally, Wellington Management Group LLP raised its position in Jones Lang LaSalle by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock worth $242,641,000 after purchasing an additional 53,066 shares during the period. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JLL shares. Keefe, Bruyette & Woods increased 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 report on Friday, September 13th. 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, November 25th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday. They set a "buy" rating and a $352.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and an average target price of $283.00.

Jones Lang LaSalle Stock Up 1.4 %

JLL stock traded up $3.90 during trading on Friday, hitting $277.37. 311,773 shares of the company's stock traded hands, compared to its average volume of 276,449. The firm has a market capitalization of $13.16 billion, a P/E ratio of 28.05 and a beta of 1.34. The business has a fifty day simple moving average of $268.56 and a two-hundred day simple moving average of $243.67. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1 year low of $162.93 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle's revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

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.