Edgestream Partners L.P. Invests $1.19 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Edgestream Partners L.P. acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,395 shares of the financial services provider's stock, valued at approximately $1,186,000.

A number of other hedge funds also recently modified their holdings of JLL. FMR LLC raised its position in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after purchasing an additional 459,466 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Jones Lang LaSalle by 1.9% during 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 purchasing an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 valued at $215,419,000 after purchasing an additional 181,246 shares during the last quarter. Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider's stock valued at $138,152,000 after buying an additional 7,698 shares in the last quarter. Finally, Equity Investment Corp grew its stake in shares of Jones Lang LaSalle by 0.3% during the second quarter. Equity Investment Corp now owns 437,769 shares of the financial services provider's stock worth $89,865,000 after buying an additional 1,281 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JLL. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a research note on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $271.50.

Jones Lang LaSalle Trading Down 1.2 %

JLL traded down $3.41 during trading on Thursday, reaching $273.47. 363,289 shares of the stock traded hands, compared to its average volume of 286,968. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average is $268.31 and its 200 day moving average is $242.31. Jones Lang LaSalle Incorporated has a 12 month low of $162.67 and a 12 month high of $288.50. The stock has a market capitalization of $12.97 billion, a PE ratio of 28.00 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating 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 analysts' expectations of $5.62 billion. During the same quarter last year, the firm posted $2.01 earnings per share. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current 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.