Fmr LLC Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Fmr LLC increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,530,720 shares of the financial services provider’s stock after buying an additional 459,466 shares during the quarter. Fmr LLC owned about 0.07% of Jones Lang LaSalle worth $952,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in 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 in the last quarter. CIBC Asset Management Inc increased its holdings in Jones Lang LaSalle by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after buying an additional 47 shares during the last quarter. Parallel Advisors LLC raised its stake in Jones Lang LaSalle by 3.1% during the second quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after buying an additional 49 shares in the last quarter. Finally, First Bank & Trust grew its position in shares of Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JLL. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $271.50.

Jones Lang LaSalle Trading Down 0.4 %

Shares of NYSE:JLL opened at $282.22 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $266.45 and its 200 day moving average price is $239.33. The company has a market cap of $13.39 billion, a PE ratio of 28.54 and a beta of 1.37. Jones Lang LaSalle Incorporated has a fifty-two week low of $153.26 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current 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.