International Assets Investment Management LLC Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

International Assets Investment Management LLC raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 167,988.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 146,237 shares of the financial services provider's stock after acquiring an additional 146,150 shares during the period. International Assets Investment Management LLC owned approximately 0.31% of Jones Lang LaSalle worth $39,456,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB acquired a new position in Jones Lang LaSalle during the first quarter worth $97,018,000. EdgePoint Investment Group Inc. lifted its position in Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider's stock valued at $404,235,000 after acquiring an additional 443,992 shares in the last quarter. Select Equity Group L.P. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA raised its stake in shares of Jones Lang LaSalle by 20.9% in the second 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 during the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 73.0% in the second quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider's stock valued at $54,503,000 after purchasing an additional 112,041 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JLL. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Raymond James lifted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. UBS Group increased their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a "market perform" rating in a research note on Thursday, August 8th. 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. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus price target of $246.80.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded up $2.04 during mid-day trading on Monday, reaching $273.07. The company's stock had a trading volume of 194,006 shares, compared to its average volume of 282,739. The company has a market capitalization of $12.99 billion, a P/E ratio of 43.57 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 12-month low of $123.17 and a 12-month high of $279.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The firm's fifty day moving average price is $259.22 and its two-hundred day moving average price is $226.11.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business earned $0.50 earnings per share. Jones Lang LaSalle's revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 12.55 EPS for the current fiscal year.

About Jones Lang LaSalle

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.