Jones Lang LaSalle Incorporated (NYSE:JLL) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 934,958 shares of the financial services provider's stock after acquiring an additional 41,331 shares during the period. Geode Capital Management LLC owned approximately 1.97% of Jones Lang LaSalle worth $240,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JLL. Hudson Edge Investment Partners Inc. increased its position in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 40 shares during the period. Greenleaf Trust boosted its stake in Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 50 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

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Jones Lang LaSalle Trading Down 6.4 %

JLL stock traded down $14.23 on Thursday, hitting $209.26. 198,769 shares of the company were exchanged, compared to its average volume of 365,034. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 18.53 and a beta of 1.22. The business's fifty day moving average is $256.98 and its two-hundred day moving average is $262.49. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.23 EPS. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

JLL has been the topic of several analyst reports. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Raymond James boosted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $303.00.

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.