Oliver Luxxe Assets LLC Has $6.07 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Oliver Luxxe Assets LLC boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,963 shares of the financial services provider’s stock after buying an additional 757 shares during the period. Jones Lang LaSalle makes up approximately 1.1% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 24th largest position. Oliver Luxxe Assets LLC owned about 0.05% of Jones Lang LaSalle worth $6,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in shares of Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares in the last quarter. Select Equity Group L.P. purchased a new position in Jones Lang LaSalle in the second quarter valued at about $55,152,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after purchasing an additional 181,246 shares during the period. International Assets Investment Management LLC lifted its stake in Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after purchasing an additional 146,150 shares during the last quarter. Finally, Artemis Investment Management LLP increased its stake in Jones Lang LaSalle by 43.0% in the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock worth $89,446,000 after acquiring an additional 99,613 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $1.98 on Monday, reaching $255.93. 190,827 shares of the company were exchanged, compared to its average volume of 223,530. Jones Lang LaSalle Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 25.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50-day moving average is $266.34 and its two-hundred day moving average is $251.91.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JLL. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Company 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.