Geode Capital Management LLC Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Geode Capital Management LLC lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 934,958 shares of the financial services provider’s stock after buying an additional 41,331 shares during the period. Geode Capital Management LLC’s holdings in Jones Lang LaSalle were worth $240,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $2,586,000. Franklin Resources Inc. raised its holdings in Jones Lang LaSalle by 14.1% during the 4th quarter. Franklin Resources Inc. now owns 131,751 shares of the financial services provider’s stock valued at $33,351,000 after buying an additional 16,249 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock valued at $62,000 after buying an additional 50 shares during the period. Dorsey Wright & Associates grew its holdings in Jones Lang LaSalle by 46.1% in the 4th quarter. Dorsey Wright & Associates now owns 23,159 shares of the financial services provider’s stock worth $5,862,000 after acquiring an additional 7,311 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Jones Lang LaSalle by 223.0% in the fourth quarter. Schroder Investment Management Group now owns 2,468 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 1,704 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL opened at $219.47 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 19.44 and a beta of 1.22. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $263.62 and a two-hundred day simple moving average of $264.12.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $309.00.

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.