Loomis Sayles & Co. L P Purchases Shares of 7,606 Jones Lang LaSalle Incorporated (NYSE:JLL)

Loomis Sayles & Co. L P acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, HoldingsChannel reports. The firm acquired 7,606 shares of the financial services provider’s stock, valued at approximately $2,053,000.

A number of other institutional investors have also recently made changes to their positions in JLL. Swedbank AB purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at about $97,018,000. Select Equity Group L.P. purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at about $55,152,000. Massachusetts Financial Services Co. MA grew its position in shares of Jones Lang LaSalle by 20.9% during the second 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 in the last quarter. International Assets Investment Management LLC grew its position in shares of Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after purchasing an additional 146,150 shares in the last quarter. Finally, TCW Group Inc. grew its position in shares of Jones Lang LaSalle by 73.0% during the second quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider’s stock valued at $54,503,000 after purchasing an additional 112,041 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 0.4 %

Shares of NYSE JLL opened at $282.22 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $13.39 billion, a P/E ratio of 28.54 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1 year low of $153.26 and a 1 year high of $288.50. The firm has a 50-day simple moving average of $266.45 and a two-hundred day simple moving average of $239.33.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.01 earnings per share. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

JLL has been the subject of a number of research analyst reports. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their price target on 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. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $271.50.

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.