Wellington Management Group LLP Has $242.64 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Wellington Management Group LLP boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 6.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 899,305 shares of the financial services provider's stock after purchasing an additional 53,066 shares during the quarter. Wellington Management Group LLP owned about 1.90% of Jones Lang LaSalle worth $242,641,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JLL. Tidal Investments LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $228,000. CWM LLC boosted its position in shares of Jones Lang LaSalle by 8.6% in the second quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Jones Lang LaSalle by 782.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider's stock valued at $1,871,000 after acquiring an additional 8,080 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Jones Lang LaSalle by 31.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider's stock valued at $465,000 after acquiring an additional 538 shares during the period. Finally, Hunter Perkins Capital Management LLC boosted its position in shares of Jones Lang LaSalle by 32.9% in the second quarter. Hunter Perkins Capital Management LLC now owns 3,230 shares of the financial services provider's stock valued at $663,000 after acquiring an additional 800 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $4.36 during mid-day trading on Monday, hitting $273.01. 299,073 shares of the company were exchanged, compared to its average volume of 287,125. Jones Lang LaSalle Incorporated has a 1-year low of $163.47 and a 1-year high of $288.50. The company has a market capitalization of $12.95 billion, a PE ratio of 28.05 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $268.56 and a 200 day moving average of $243.67.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $5.62 billion. During the same period in the previous year, the business posted $2.01 earnings per share. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on JLL shares. Wolfe Research upgraded 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 note on Monday, November 25th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday. They issued a "buy" rating and a $352.00 target price for the company. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. Finally, 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. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $283.00.

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.