Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Fmr LLC

FMR LLC increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,530,720 shares of the financial services provider's stock after purchasing an additional 459,466 shares during the period. FMR LLC owned 7.44% of Jones Lang LaSalle worth $952,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its holdings in shares of Jones Lang LaSalle by 433.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider's stock worth $2,370,000 after acquiring an additional 9,381 shares in the last quarter. BDF Gestion purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth $3,550,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Jones Lang LaSalle by 782.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider's stock valued at $1,871,000 after buying an additional 8,080 shares in the last quarter. Comerica Bank grew its position in Jones Lang LaSalle by 24.5% in the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider's stock worth $5,205,000 after acquiring an additional 5,255 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $97,018,000. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on JLL shares. Wolfe Research upgraded 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. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $271.50.

Jones Lang LaSalle Stock Down 0.4 %

Shares of JLL traded down $1.01 during mid-day trading on Thursday, hitting $282.22. The company's stock had a trading volume of 193,945 shares, compared to its average volume of 287,999. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 28.54 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 52-week low of $153.26 and a 52-week 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 company's 50-day moving average is $266.95 and its 200-day moving average is $239.63.

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 (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 business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the business posted $2.01 EPS. The business's revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal 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.