Geode Capital Management LLC Buys 3,109 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Geode Capital Management LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 893,627 shares of the financial services provider's stock after acquiring an additional 3,109 shares during the quarter. Geode Capital Management LLC owned approximately 1.88% of Jones Lang LaSalle worth $241,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider's stock worth $1,871,000 after purchasing an additional 8,080 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Jones Lang LaSalle by 31.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider's stock worth $465,000 after acquiring an additional 538 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Jones Lang LaSalle by 129.8% during the second quarter. Blue Trust Inc. now owns 439 shares of the financial services provider's stock valued at $86,000 after acquiring an additional 248 shares during the period. Raymond James & Associates boosted its holdings in Jones Lang LaSalle by 13.0% in the second quarter. Raymond James & Associates now owns 92,798 shares of the financial services provider's stock valued at $19,050,000 after acquiring an additional 10,704 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Jones Lang LaSalle by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider's stock worth $4,419,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Down 1.8 %

Shares of NYSE:JLL traded down $5.05 during trading on Friday, hitting $269.58. 274,770 shares of the company's stock traded hands, compared to its average volume of 287,285. The company has a 50-day moving average price of $269.20 and a 200-day moving average price of $246.31. Jones Lang LaSalle Incorporated has a 52 week low of $167.11 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 has a market cap of $12.79 billion, a price-to-earnings ratio of 27.26 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 earnings per share. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JLL shares. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $287.71.

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.