KBC Group NV Grows Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

KBC Group NV grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,821 shares of the financial services provider’s stock after buying an additional 78 shares during the quarter. KBC Group NV owned 0.13% of Jones Lang LaSalle worth $16,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JLL. EdgePoint Investment Group Inc. raised its position in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after acquiring an additional 443,992 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after purchasing an additional 26,814 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 purchasing an additional 181,246 shares during the period. Boston Trust Walden Corp increased its position in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after buying an additional 7,698 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Jones Lang LaSalle in the first quarter valued at $97,018,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday. 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. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $255.20.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $261.13 on Friday. The firm’s 50 day simple moving average is $264.60 and its 200 day simple moving average is $234.81. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1-year low of $152.28 and a 1-year high of $288.50. The firm has a market capitalization of $12.39 billion, a PE ratio of 26.40 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued 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. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.01 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal 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.