Invesco Ltd. Acquires 8,274 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Invesco Ltd. increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 944,623 shares of the financial services provider's stock after acquiring an additional 8,274 shares during the quarter. Invesco Ltd. owned about 1.99% of Jones Lang LaSalle worth $239,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its holdings in Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 56 shares during the period. R Squared Ltd acquired a new position in Jones Lang LaSalle in the 4th quarter valued at $35,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after acquiring an additional 51 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after purchasing an additional 72 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

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Jones Lang LaSalle Price Performance

JLL stock traded up $3.87 during midday trading on Monday, reaching $214.81. 280,775 shares of the stock were exchanged, compared to its average volume of 312,301. The stock has a market capitalization of $10.18 billion, a PE ratio of 19.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company has a fifty day moving average price of $252.96 and a 200 day moving average price of $261.28. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. UBS Group dropped their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased 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, StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $323.33.

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.