Crossmark Global Holdings Inc. Purchases 5,683 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Crossmark Global Holdings Inc. raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,579 shares of the financial services provider's stock after purchasing an additional 5,683 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.05% of Jones Lang LaSalle worth $6,632,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $97,018,000. EdgePoint Investment Group Inc. increased its position in shares of Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider's stock worth $404,235,000 after purchasing an additional 443,992 shares in the last quarter. Select Equity Group L.P. acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth about $55,152,000. Massachusetts Financial Services Co. MA increased its position in shares of Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock worth $215,419,000 after purchasing an additional 181,246 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock worth $39,456,000 after purchasing an additional 146,150 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Raymond James raised their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a "market perform" rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $246.80.

Jones Lang LaSalle Stock Up 1.5 %

Shares of NYSE JLL traded up $4.01 during midday trading on Monday, reaching $273.07. The company's stock had a trading volume of 324,446 shares, compared to its average volume of 287,116. The company has a current ratio of 2.29, a quick ratio of 2.58 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a fifty-two week low of $136.83 and a fifty-two week high of $288.50. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 27.61 and a beta of 1.37. The stock has a 50 day simple moving average of $263.35 and a 200-day simple moving average of $233.24.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion for 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 for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 earnings per share. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 12.99 earnings per share for the current year.

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.