Massachusetts Financial Services Co. MA Has $213.48 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Massachusetts Financial Services Co. MA lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 791,215 shares of the financial services provider's stock after selling 258,177 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.67% of Jones Lang LaSalle worth $213,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Intech Investment Management LLC raised its stake in shares of Jones Lang LaSalle by 142.6% in the third quarter. Intech Investment Management LLC now owns 28,607 shares of the financial services provider's stock valued at $7,718,000 after acquiring an additional 16,817 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Jones Lang LaSalle by 29.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider's stock valued at $2,869,000 after buying an additional 2,430 shares in the last quarter. Commerce Bank acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $243,000. Meeder Asset Management Inc. increased its position in shares of Jones Lang LaSalle by 19,416.1% during the third quarter. Meeder Asset Management Inc. now owns 6,050 shares of the financial services provider's stock worth $1,632,000 after purchasing an additional 6,019 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of Jones Lang LaSalle by 4.3% during the third quarter. Pathstone Holdings LLC now owns 24,592 shares of the financial services provider's stock worth $6,635,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a report on Tuesday, November 12th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $255.20.

Jones Lang LaSalle Stock Up 1.7 %

Shares of NYSE:JLL traded up $4.35 during trading on Friday, reaching $263.27. 330,674 shares of the company traded hands, compared to its average volume of 311,688. The firm has a fifty day simple moving average of $265.28 and a 200 day simple moving average of $237.43. The firm has a market cap of $12.49 billion, a P/E ratio of 26.63 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1-year low of $153.26 and a 1-year high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5.87 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 EPS. Analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal 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.