William Blair Investment Management LLC Invests $29.27 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

William Blair Investment Management LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 115,633 shares of the financial services provider's stock, valued at approximately $29,271,000. William Blair Investment Management LLC owned about 0.24% of Jones Lang LaSalle as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after acquiring an additional 459,466 shares during the last quarter. State Street Corp increased its stake in Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock valued at $384,164,000 after purchasing an additional 6,304 shares in the last quarter. Wellington Management Group LLP increased its stake in Jones Lang LaSalle by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock valued at $242,641,000 after purchasing an additional 53,066 shares in the last quarter. Geode Capital Management LLC increased its stake in Jones Lang LaSalle by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock valued at $241,165,000 after purchasing an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after purchasing an additional 62,700 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Stock Performance

JLL stock traded down $2.80 during midday trading on Friday, hitting $250.52. 446,426 shares of the stock traded hands, compared to its average volume of 297,450. The firm has a market cap of $11.87 billion, a P/E ratio of 22.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock's fifty day simple moving average is $266.39 and its 200-day simple moving average is $264.37. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $4.23 earnings per share. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a "buy" rating and a $352.00 price target on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective 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, December 16th. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $309.00.

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.