Private Client Services LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,177 shares of the financial services provider's stock, valued at approximately $1,817,000.
Several other large investors have also made changes to their positions in the business. FMR LLC lifted its stake in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after purchasing an additional 459,466 shares in the last quarter. Select Equity Group L.P. purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth about $55,152,000. Massachusetts Financial Services Co. MA boosted its stake in Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock valued at $215,419,000 after buying an additional 181,246 shares during the last quarter. International Assets Investment Management LLC increased its stake in Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock worth $39,456,000 after acquiring an additional 146,150 shares during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of Jones Lang LaSalle by 43.0% during the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider's stock worth $89,446,000 after acquiring an additional 99,613 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on JLL shares. JPMorgan Chase & Co. boosted 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 report on Monday, December 16th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target for 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, November 25th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and an average target price of $301.57.
Check Out Our Latest Analysis on Jones Lang LaSalle
Jones Lang LaSalle Trading Down 0.7 %
JLL traded down $1.63 during trading hours on Wednesday, reaching $247.58. 353,574 shares of the company's stock traded hands, compared to its average volume of 260,395. The firm has a 50-day moving average price of $265.00 and a 200 day moving average price of $252.48. The firm has a market capitalization of $11.75 billion, a PE ratio of 25.03 and a beta of 1.36. 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 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 issued its 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 firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the previous year, the firm earned $2.01 earnings per share. The business's revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.
Jones Lang LaSalle Company Profile
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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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