BDF Gestion Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

BDF Gestion purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,295 shares of the financial services provider’s stock, valued at approximately $3,550,000.

Several other hedge funds also recently bought and sold shares of JLL. Dimensional Fund Advisors LP boosted its holdings in shares of Jones Lang LaSalle by 11.1% during the fourth 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 during the last quarter. SG Americas Securities LLC boosted its holdings in Jones Lang LaSalle by 368.4% in the first quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after acquiring an additional 16,521 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Jones Lang LaSalle by 25.5% in the first quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after acquiring an additional 18,156 shares during the last quarter. Equity Investment Corp boosted its holdings in Jones Lang LaSalle by 2.9% in the fourth quarter. Equity Investment Corp now owns 418,115 shares of the financial services provider’s stock valued at $78,969,000 after acquiring an additional 11,785 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Jones Lang LaSalle by 112.2% in the fourth quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock valued at $11,470,000 after acquiring an additional 32,104 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Raymond James lifted their target price on 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. UBS Group lifted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.33.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded down $1.22 on Friday, reaching $238.20. 203,082 shares of the company were exchanged, compared to its average volume of 286,495. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The company’s 50-day moving average is $217.57 and its two-hundred day moving average is $197.37. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 38.49 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $254.67.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 12.4 earnings per share for the current fiscal year.

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.