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

Geode Capital Management LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 934,958 shares of the financial services provider’s stock after acquiring an additional 41,331 shares during the period. Geode Capital Management LLC owned 1.97% of Jones Lang LaSalle worth $240,190,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. raised its position in shares of Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 40 shares during the period. Greenleaf Trust lifted its position in shares of Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 50 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped 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 price target on shares of 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 report on Saturday, March 22nd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $219.47 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a fifty day moving average of $263.62 and a 200-day moving average of $264.12. The company has a market capitalization of $10.40 billion, a P/E ratio of 19.44 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

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, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.23 earnings per share. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.