Bridges Investment Management Inc. Makes New $817,000 Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Bridges Investment Management Inc. bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,981 shares of the financial services provider’s stock, valued at approximately $817,000.

Other large investors have also added to or reduced their stakes in the company. EdgePoint Investment Group Inc. increased its position in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after buying an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in 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 valued at $215,419,000 after acquiring an additional 181,246 shares during the period. Boston Trust Walden Corp lifted its holdings in Jones Lang LaSalle by 1.2% during the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after purchasing an additional 7,698 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Jones Lang LaSalle by 84.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $262.58 on Friday. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 42.22 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The stock has a fifty day moving average of $245.88 and a 200 day moving average of $212.45. 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 posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the business earned $0.50 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analyst Ratings Changes

JLL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Keefe, Bruyette & Woods lifted their price target 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. UBS Group increased their price objective 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, Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $246.80.

About Jones Lang LaSalle

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.