Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 43.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 331,514 shares of the financial services provider’s stock after purchasing an additional 99,613 shares during the period. Jones Lang LaSalle accounts for 1.4% of Artemis Investment Management LLP’s investment portfolio, making the stock its 19th biggest holding. Artemis Investment Management LLP owned 0.70% of Jones Lang LaSalle worth $89,446,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Ossiam lifted its position in shares of Jones Lang LaSalle by 8.0% in the fourth quarter. Ossiam now owns 4,277 shares of the financial services provider’s stock worth $808,000 after buying an additional 316 shares during the last quarter. Governors Lane LP grew its stake in shares of Jones Lang LaSalle by 140.6% in the 4th quarter. Governors Lane LP now owns 76,495 shares of the financial services provider’s stock valued at $14,448,000 after purchasing an additional 44,695 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Jones Lang LaSalle by 84.8% in 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 buying an additional 270,404 shares in the last quarter. Beacon Financial Group bought a new stake in Jones Lang LaSalle in the fourth quarter valued at $266,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth $213,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $261.65 on Wednesday. The company has a fifty day moving average price of $252.64 and a 200 day moving average price of $219.48. The firm has a market cap of $12.44 billion, a PE ratio of 42.07 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $273.82.

Jones Lang LaSalle (NYSE:JLL) last posted 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. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

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.