Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Fmr LLC

Fmr LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,530,720 shares of the financial services provider’s stock after purchasing an additional 459,466 shares during the period. Fmr LLC owned about 7.44% of Jones Lang LaSalle worth $952,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in shares of Jones Lang LaSalle by 433.3% in the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after buying an additional 9,381 shares in the last quarter. BDF Gestion acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $3,550,000. Wealth Enhancement Advisory Services LLC raised its position in Jones Lang LaSalle by 782.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after acquiring an additional 8,080 shares during the last quarter. Comerica Bank lifted its holdings in shares of Jones Lang LaSalle by 24.5% in the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock valued at $5,205,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $97,018,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, Wolfe Research upgraded 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 report on Monday. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $271.50.

Jones Lang LaSalle Trading Down 0.4 %

Shares of JLL opened at $282.22 on Thursday. Jones Lang LaSalle Incorporated has a fifty-two week low of $153.26 and a fifty-two week high of $288.50. The company has a market capitalization of $13.39 billion, a PE ratio of 28.54 and a beta of 1.37. The stock has a fifty day moving average of $266.45 and a two-hundred day moving average of $239.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. 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 prior year, the firm posted $2.01 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 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.