Royal London Asset Management Ltd. Raises Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Royal London Asset Management Ltd. lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,666 shares of the financial services provider’s stock after buying an additional 21,033 shares during the period. Royal London Asset Management Ltd. owned about 0.37% of Jones Lang LaSalle worth $24,807,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Jones Lang LaSalle by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,345,723 shares of the financial services provider’s stock worth $1,759,007,000 after buying an additional 40,866 shares in the last quarter. Cohen & Steers Inc. increased its position in Jones Lang LaSalle by 4.5% during the second quarter. Cohen & Steers Inc. now owns 3,193,638 shares of the financial services provider’s stock worth $497,552,000 after buying an additional 136,398 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Jones Lang LaSalle by 644.6% during the fourth quarter. Morgan Stanley now owns 1,698,480 shares of the financial services provider’s stock worth $270,687,000 after purchasing an additional 1,470,373 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock worth $222,259,000 after purchasing an additional 53,883 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Jones Lang LaSalle by 5.3% during the first quarter. State Street Corp now owns 1,373,781 shares of the financial services provider’s stock worth $328,966,000 after purchasing an additional 69,533 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $186.04 on Friday. The firm has a market cap of $8.83 billion, a P/E ratio of 39.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a fifty day moving average price of $180.14 and a two-hundred day moving average price of $163.10. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $193.82.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $4.36 EPS. Research analysts forecast that Jones Lang LaSalle Incorporated will post 11.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group reduced their price objective on Jones Lang LaSalle from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. StockNews.com raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $173.00 to $199.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.33.

Check Out Our Latest Report on Jones Lang LaSalle

About Jones Lang LaSalle

(Free Report)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

Further Reading

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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