Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,213 shares of the financial services provider’s stock after buying an additional 9,491 shares during the period. Victory Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $6,263,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JLL. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth about $34,000. UMB Bank n.a. lifted its position in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV lifted its position 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 valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Mather Group LLC. lifted its position in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 1.7 %

Shares of Jones Lang LaSalle stock opened at $263.37 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $153.26 and a 12-month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.49 billion, a PE ratio of 26.63 and a beta of 1.37. The company has a 50-day moving average of $265.28 and a two-hundred day moving average of $237.43.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (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 company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the company posted $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on JLL. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $255.20.

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.