Asset Management One Co. Ltd. Invests $1.32 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Asset Management One Co. Ltd. purchased a new stake in 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 purchased 4,901 shares of the financial services provider's stock, valued at approximately $1,322,000.

Other hedge funds have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV increased its holdings in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of 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 acquiring an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

JLL traded up $4.01 on Monday, reaching $273.07. The company had a trading volume of 324,446 shares, compared to its average volume of 287,116. Jones Lang LaSalle Incorporated has a 1 year low of $136.83 and a 1 year high of $288.50. The stock has a market capitalization of $12.96 billion, a PE ratio of 27.61 and a beta of 1.37. The company has a quick ratio of 2.58, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $263.35 and a 200-day moving average price of $233.24.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 earnings per share. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research note on Thursday, August 8th. 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. Finally, Raymond James lifted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.