Jones Lang LaSalle Incorporated $JLL Position Increased by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,901 shares of the financial services provider’s stock after acquiring an additional 10,527 shares during the period. Nordea Investment Management AB owned about 0.41% of Jones Lang LaSalle worth $49,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in Jones Lang LaSalle by 6.0% during the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after buying an additional 51 shares during the last quarter. CWC Advisors LLC. increased its position in Jones Lang LaSalle by 2.9% during the second quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider’s stock worth $561,000 after buying an additional 61 shares during the last quarter. Mackenzie Financial Corp increased its position in Jones Lang LaSalle by 4.2% during the first quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider’s stock worth $399,000 after buying an additional 65 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Jones Lang LaSalle by 0.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,889 shares of the financial services provider’s stock worth $2,274,000 after buying an additional 73 shares during the last quarter. Finally, Covestor Ltd increased its position in Jones Lang LaSalle by 30.4% during the first quarter. Covestor Ltd now owns 335 shares of the financial services provider’s stock worth $83,000 after buying an additional 78 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 0.7%

NYSE JLL opened at $300.48 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a 50-day simple moving average of $300.95 and a 200 day simple moving average of $260.17. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $322.36. The stock has a market cap of $14.24 billion, a PE ratio of 25.84 and a beta of 1.39.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the company earned $2.55 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. UBS Group raised their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $338.29.

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.