Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 36.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,722 shares of the financial services provider’s stock after acquiring an additional 3,666 shares during the quarter. Victory Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $2,817,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Norges Bank purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $97,222,000. Swedbank AB purchased a new stake in Jones Lang LaSalle in the 1st quarter worth about $97,018,000. EdgePoint Investment Group Inc. grew its stake in Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after acquiring an additional 443,992 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after purchasing an additional 270,404 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in shares of Jones Lang LaSalle by 3,097.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after purchasing an additional 187,196 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of research analyst reports. Raymond James increased their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. UBS Group lifted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Three 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 stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $235.33.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $251.37 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The stock has a market capitalization of $11.96 billion, a P/E ratio of 40.56 and a beta of 1.37. The business has a 50-day moving average of $242.33 and a two-hundred day moving average of $210.87. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $261.83.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal 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.