MML Investors Services LLC grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 204.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,358 shares of the financial services provider's stock after buying an additional 2,256 shares during the period. MML Investors Services LLC's holdings in Jones Lang LaSalle were worth $906,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its position in Jones Lang LaSalle by 31.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider's stock valued at $465,000 after buying an additional 538 shares in the last quarter. Blue Trust Inc. lifted its stake in Jones Lang LaSalle by 129.8% during the 2nd quarter. Blue Trust Inc. now owns 439 shares of the financial services provider's stock valued at $86,000 after acquiring an additional 248 shares during the period. Raymond James & Associates boosted its holdings in shares of Jones Lang LaSalle by 13.0% during the 2nd quarter. Raymond James & Associates now owns 92,798 shares of the financial services provider's stock valued at $19,050,000 after acquiring an additional 10,704 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Jones Lang LaSalle by 409.4% in the second quarter. Fifth Third Bancorp now owns 1,676 shares of the financial services provider's stock worth $344,000 after acquiring an additional 1,347 shares during the period. Finally, LRI Investments LLC raised its holdings in shares of Jones Lang LaSalle by 350.0% during the second quarter. LRI Investments LLC now owns 297 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 231 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Jones Lang LaSalle Price Performance
Shares of JLL stock traded up $5.81 on Friday, hitting $252.74. 1,070,993 shares of the stock traded hands, compared to its average volume of 290,660. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 25.56 and a beta of 1.34. 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 50 day simple moving average of $269.27 and a two-hundred day simple moving average of $247.35. Jones Lang LaSalle Incorporated has a 52 week low of $167.11 and a 52 week high of $288.50.
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 analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the firm posted $2.01 EPS. Jones Lang LaSalle's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have commented on JLL. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a research report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective on the stock. 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. JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $301.57.
Read Our Latest Report on JLL
About Jones Lang LaSalle
(
Free Report)
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.
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