Los Angeles Capital Management LLC Purchases New Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Los Angeles Capital Management LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,804 shares of the financial services provider's stock, valued at approximately $1,836,000.

Several other large investors have also recently bought and sold shares of JLL. Swedbank AB purchased a new position in Jones Lang LaSalle in the 1st quarter worth approximately $97,018,000. EdgePoint Investment Group Inc. raised its position in Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider's stock valued at $404,235,000 after purchasing an additional 443,992 shares in the last quarter. Select Equity Group L.P. bought a new stake in Jones Lang LaSalle during the second quarter worth about $55,152,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Jones Lang LaSalle by 20.9% in 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 raised its holdings 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 valued at $39,456,000 after buying an additional 146,150 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on JLL. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research note on Tuesday. Raymond James boosted their price objective on 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, 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. Two investment 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 stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus target price of $255.20.

Jones Lang LaSalle Trading Down 1.6 %

NYSE:JLL traded down $4.21 during trading hours on Thursday, hitting $262.83. The company had a trading volume of 285,407 shares, compared to its average volume of 286,985. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 52 week low of $150.39 and a 52 week high of $288.50. The company has a market capitalization of $12.47 billion, a PE ratio of 26.58 and a beta of 1.37. The stock has a 50-day moving average price of $264.28 and a 200 day moving average price of $234.27.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

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.