Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 893,627 shares of the financial services provider’s stock after purchasing an additional 3,109 shares during the period. Geode Capital Management LLC’s holdings in Jones Lang LaSalle were worth $241,165,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle during the 3rd quarter worth $34,000. UMB Bank n.a. raised its holdings in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV increased its position in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JLL. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $287.71.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $269.58 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The stock has a market cap of $12.79 billion, a P/E ratio of 27.26 and a beta of 1.34. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $269.20 and a two-hundred day moving average of $245.96.

Jones Lang LaSalle (NYSE:JLL) last issued 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 firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 EPS. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 13.37 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.