Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,213 shares of the financial services provider’s stock after purchasing an additional 9,491 shares during the period. Victory Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $6,263,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Jones Lang LaSalle during the second quarter worth $34,000. UMB Bank n.a. lifted its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle during the third quarter worth $37,000. Massmutual Trust Co. FSB ADV lifted its stake in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 219 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $255.20.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $263.37 on Friday. The firm has a market capitalization of $12.49 billion, a PE ratio of 26.63 and a beta of 1.37. The business’s fifty day moving average price is $265.28 and its 200 day moving average price is $237.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 12 month low of $153.26 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.01 earnings per share. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 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.