Kennedy Capital Management LLC Grows Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Kennedy Capital Management LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,765 shares of the financial services provider’s stock after acquiring an additional 665 shares during the quarter. Kennedy Capital Management LLC’s holdings in Jones Lang LaSalle were worth $2,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JLL. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $97,222,000. Price T Rowe Associates Inc. MD increased its position in Jones Lang LaSalle by 84.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Jones Lang LaSalle by 3,097.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after purchasing an additional 187,196 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $32,639,000. Finally, Dimensional Fund Advisors LP increased its position in Jones Lang LaSalle by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after purchasing an additional 142,887 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 1.0 %

Shares of Jones Lang LaSalle stock traded up $2.59 on Wednesday, hitting $250.84. 29,167 shares of the company’s stock traded hands, compared to its average volume of 276,246. The stock has a market cap of $11.93 billion, a P/E ratio of 39.90 and a beta of 1.38. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $211.82 and its 200 day moving average is $194.43. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $254.59.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on JLL. UBS Group increased their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James increased their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $233.67.

Jones Lang LaSalle Profile

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.