Victory Capital Management Inc. grew its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 12.8% during the 4th quarter, HoldingsChannel reports. The fund owned 13,403 shares of the financial services provider’s stock after purchasing an additional 1,517 shares during the quarter. Victory Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $1,996,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in JLL. Prudential Financial Inc. boosted its holdings in Jones Lang LaSalle by 51.5% in the third quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock worth $42,575,000 after acquiring an additional 117,160 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $10,381,000. Dimensional Fund Advisors LP lifted its holdings in shares of Jones Lang LaSalle by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 628,395 shares of the financial services provider’s stock valued at $77,608,000 after purchasing an additional 55,020 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Jones Lang LaSalle by 27.6% during the third quarter. JPMorgan Chase & Co. now owns 192,888 shares of the financial services provider’s stock valued at $23,965,000 after purchasing an additional 41,701 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $5,745,000. 92.40% of the stock is currently owned by institutional investors and hedge funds.
JLL has been the topic of a number of research analyst reports. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Raymond James Financial initiated coverage on Jones Lang LaSalle in a report on Tuesday, February 6th. They set an “outperform” rating and a $175.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. Finally, Wedbush set a $158.00 price target on Jones Lang LaSalle and gave the company a “hold” rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $151.38.
Shares of Jones Lang LaSalle Inc (JLL) opened at $159.20 on Thursday. The company has a market capitalization of $7,234.40, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.47 and a beta of 1.85. The company has a current ratio of 1.34, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. Jones Lang LaSalle Inc has a 1 year low of $101.83 and a 1 year high of $162.66.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.70. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. Jones Lang LaSalle’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.95 earnings per share. equities analysts forecast that Jones Lang LaSalle Inc will post 9.85 EPS for the current year.
In related news, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the completion of the sale, the director now owns 35 shares in the company, valued at $5,226.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
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Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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