JPMorgan Chase & Co. Acquires 55,322 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

JPMorgan Chase & Co. increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 39.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,705 shares of the financial services provider’s stock after purchasing an additional 55,322 shares during the period. JPMorgan Chase & Co.’s holdings in Jones Lang LaSalle were worth $53,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in 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 valued at $302,318,000 after acquiring an additional 26,814 shares in the last quarter. State Street Corp increased its holdings in Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after purchasing an additional 6,304 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Jones Lang LaSalle by 20.9% in the 2nd 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. Finally, Wellington Management Group LLP lifted its holdings in shares of Jones Lang LaSalle by 6.3% in the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock valued at $242,641,000 after purchasing an additional 53,066 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. 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. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $301.57.

Jones Lang LaSalle Stock Up 1.9 %

Shares of JLL stock opened at $253.95 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $167.11 and a 52-week high of $288.50. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 25.68 and a beta of 1.34. The firm’s 50-day moving average is $266.34 and its 200-day moving average is $251.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current 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.