JPMorgan Chase & Co. Acquires 55,322 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

JPMorgan Chase & Co. boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 39.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,705 shares of the financial services provider's stock after purchasing an additional 55,322 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Jones Lang LaSalle worth $53,073,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after buying an additional 459,466 shares during the period. Select Equity Group L.P. purchased a new position in shares of Jones Lang LaSalle in the second quarter valued at about $55,152,000. Massachusetts Financial Services Co. MA raised its stake in shares of Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock valued at $215,419,000 after acquiring an additional 181,246 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Jones Lang LaSalle by 167,988.5% in the third 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 during the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Jones Lang LaSalle by 43.0% during the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider's stock valued at $89,446,000 after purchasing an additional 99,613 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 1.9 %

JLL stock traded up $4.64 on Friday, reaching $253.95. 178,092 shares of the company traded hands, compared to its average volume of 244,796. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a fifty day simple moving average of $266.34 and a 200-day simple moving average of $251.91. Jones Lang LaSalle Incorporated has a one year low of $167.11 and a one year high of $288.50. The company has a market cap of $12.05 billion, a P/E ratio of 25.68 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results 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. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. Jones Lang LaSalle's quarterly revenue was up 14.8% compared to the same quarter last year. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Analysts Set New Price Targets

JLL has been the topic of a number of recent analyst reports. Wolfe Research upgraded 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, November 25th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective on the stock. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $301.57.

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.