Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by River Global Investors LLP

River Global Investors LLP grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,810 shares of the financial services provider’s stock after buying an additional 265 shares during the quarter. River Global Investors LLP’s holdings in Jones Lang LaSalle were worth $1,837,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Jones Lang LaSalle by 368.4% in the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after buying an additional 16,521 shares during the period. Harbor Capital Advisors Inc. increased its stake in Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares in the last quarter. BDF Gestion purchased a new position in Jones Lang LaSalle in the 2nd quarter valued at approximately $3,550,000. Wealth Enhancement Advisory Services LLC increased its stake in Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock valued at $1,871,000 after purchasing an additional 8,080 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Jones Lang LaSalle in the 1st quarter valued at approximately $710,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on JLL. Raymond James raised their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Trading Up 1.4 %

Shares of JLL stock traded up $3.62 during mid-day trading on Friday, hitting $269.06. 347,208 shares of the company’s stock were exchanged, compared to its average volume of 321,230. Jones Lang LaSalle Incorporated has a fifty-two week low of $136.83 and a fifty-two week high of $288.50. The stock has a 50-day simple moving average of $262.99 and a two-hundred day simple moving average of $232.24. The company has a quick ratio of 2.58, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 27.21 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Incorporated will post 12.65 EPS for the current fiscal year.

Jones Lang LaSalle 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.