Canada Pension Plan Investment Board Raises Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Canada Pension Plan Investment Board lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 45.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,500 shares of the financial services provider’s stock after purchasing an additional 23,000 shares during the quarter. Canada Pension Plan Investment Board owned about 0.15% of Jones Lang LaSalle worth $15,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JLL. SG Americas Securities LLC raised its holdings in shares of Jones Lang LaSalle by 368.4% in the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after buying an additional 16,521 shares during the period. Retirement Systems of Alabama grew its holdings in shares of 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 purchasing an additional 18,156 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Jones Lang LaSalle by 112.2% during the 4th quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock worth $11,470,000 after buying an additional 32,104 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Jones Lang LaSalle by 433.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after buying an additional 9,381 shares in the last quarter. Finally, BDF Gestion acquired a new position in shares of Jones Lang LaSalle in the second quarter worth $3,550,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Raymond James boosted 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 note on Thursday, July 25th. UBS Group lifted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Trading Up 1.2 %

JLL opened at $265.48 on Tuesday. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 42.68 and a beta of 1.37. The business’s 50 day moving average is $246.65 and its two-hundred day moving average is $213.36. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $265.63.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current 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.