Loomis Sayles & Co. L P Acquires New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Loomis Sayles & Co. L P purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,606 shares of the financial services provider's stock, valued at approximately $2,053,000.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank lifted its position in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after buying an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after purchasing an additional 39 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock valued at $371,000 after buying an additional 47 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider's stock worth $334,000 after buying an additional 49 shares during the last quarter. Finally, First Bank & Trust raised its holdings in shares of Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock valued at $607,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Down 0.4 %

Jones Lang LaSalle stock traded down $1.01 during mid-day trading on Thursday, hitting $282.22. The company's stock had a trading volume of 193,945 shares, compared to its average volume of 287,999. Jones Lang LaSalle Incorporated has a 1 year low of $153.26 and a 1 year 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 firm has a market capitalization of $13.39 billion, a PE ratio of 28.54 and a beta of 1.37. The stock's fifty day moving average is $266.95 and its two-hundred day moving average is $239.63.

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 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 firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company earned $2.01 EPS. The company's quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research note on Monday. StockNews.com raised shares of 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 price objective on shares of 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average target price of $271.50.

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.