William Blair Investment Management LLC Buys New Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

William Blair Investment Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 115,633 shares of the financial services provider’s stock, valued at approximately $29,271,000. William Blair Investment Management LLC owned about 0.24% of Jones Lang LaSalle as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of JLL. Public Employees Retirement System of Ohio raised its holdings in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares during the period. Boston Trust Walden Corp raised its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after acquiring an additional 5,663 shares during the period. Dorsey Wright & Associates bought a new position in Jones Lang LaSalle in the 3rd quarter valued at about $4,276,000. Principal Securities Inc. increased its holdings in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the period. Finally, Diversified Trust Co bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth approximately $567,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $247.77 on Wednesday. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. 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 firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 21.95 and a beta of 1.36. The firm’s 50 day simple moving average is $265.91 and its 200 day simple moving average is $264.56.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on JLL. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus 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.