Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 29.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,809 shares of the financial services provider’s stock after purchasing an additional 8,360 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Jones Lang LaSalle worth $9,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $34,000. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the third quarter worth about $34,000. UMB Bank n.a. increased its position in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $37,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods raised their price objective 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, 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus price target of $271.50.

Jones Lang LaSalle Stock Down 0.6 %

Shares of Jones Lang LaSalle stock opened at $280.60 on Monday. Jones Lang LaSalle Incorporated has a one year low of $154.43 and a one year high of $288.50. The company has a market cap of $13.31 billion, a P/E ratio of 28.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a fifty day moving average of $267.69 and a two-hundred day moving average of $240.83.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, analysts forecast 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.