State Street Corp Purchases 6,304 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

State Street Corp lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,423,831 shares of the financial services provider's stock after acquiring an additional 6,304 shares during the quarter. State Street Corp owned approximately 3.00% of Jones Lang LaSalle worth $384,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in Jones Lang LaSalle during the second quarter worth approximately $34,000. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $34,000. UMB Bank n.a. boosted its holdings in Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle during the third quarter worth approximately $37,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $292.00 to $325.00 in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday. They issued a "buy" rating and a $352.00 target price for the company. Wolfe Research raised shares of 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 raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $287.71.

Jones Lang LaSalle Trading Down 1.6 %

Shares of JLL traded down $4.37 during trading hours on Tuesday, hitting $268.64. 293,033 shares of the stock were exchanged, compared to its average volume of 287,147. Jones Lang LaSalle Incorporated has a fifty-two week low of $163.47 and a fifty-two week high of $288.50. 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 business has a 50-day moving average of $268.62 and a 200-day moving average of $244.21. The firm has a market capitalization of $12.75 billion, a P/E ratio of 27.17 and a beta of 1.34.

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, topping 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 analysts' expectations of $5.62 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The business's revenue was up 14.8% on a year-over-year basis. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current 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.