Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 46.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,976 shares of the financial services provider’s stock after purchasing an additional 12,732 shares during the quarter. American Century Companies Inc. owned about 0.08% of Jones Lang LaSalle worth $8,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JLL. Headlands Technologies LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $113,000. Texas Permanent School Fund Corp lifted its position in Jones Lang LaSalle by 7.2% in the second quarter. Texas Permanent School Fund Corp now owns 44,647 shares of the financial services provider’s stock worth $9,165,000 after purchasing an additional 3,012 shares during the period. Arizona State Retirement System boosted its stake in Jones Lang LaSalle by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 13,282 shares of the financial services provider’s stock valued at $2,727,000 after purchasing an additional 208 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Jones Lang LaSalle by 36.5% in the 2nd quarter. Victory Capital Management Inc. now owns 13,722 shares of the financial services provider’s stock worth $2,817,000 after buying an additional 3,666 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at $498,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 1.2 %

Shares of NYSE:JLL opened at $265.48 on Tuesday. The firm has a fifty day moving average of $246.65 and a two-hundred day moving average of $213.36. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $265.63. The firm has a market capitalization of $12.63 billion, a P/E ratio of 42.68 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued 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 firm had revenue of $5.63 billion for 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%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JLL. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. UBS Group raised their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Raymond James boosted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus 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.