Franklin Resources Inc. Has $30.85 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Franklin Resources Inc. cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,502 shares of the financial services provider's stock after selling 20,662 shares during the period. Franklin Resources Inc. owned approximately 0.24% of Jones Lang LaSalle worth $30,853,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in JLL. FMR LLC boosted its position 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 purchasing an additional 459,466 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider's stock worth $302,318,000 after buying an additional 26,814 shares during the period. State Street Corp increased its position in shares of Jones Lang LaSalle by 0.4% in the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock worth $384,164,000 after acquiring an additional 6,304 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Jones Lang LaSalle by 20.9% during the second 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 acquiring an additional 181,246 shares during the period. Finally, Wellington Management Group LLP boosted its stake 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. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JLL shares. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a research report on Monday, November 25th. Finally, StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $301.57.

Jones Lang LaSalle Stock Performance

JLL traded down $8.45 during midday trading on Thursday, reaching $246.93. The company's stock had a trading volume of 343,456 shares, compared to its average volume of 287,475. Jones Lang LaSalle Incorporated has a twelve month low of $167.11 and a twelve month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $11.72 billion, a P/E ratio of 24.97 and a beta of 1.34. The company has a fifty day simple moving average of $269.27 and a 200 day simple moving average of $247.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate 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%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.01 EPS. Research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 earnings per share 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.