Handelsbanken Fonder AB Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Handelsbanken Fonder AB raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 36.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,618 shares of the financial services provider’s stock after acquiring an additional 3,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Jones Lang LaSalle were worth $3,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JLL. Rise Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $30,000. Innealta Capital LLC purchased a new position in Jones Lang LaSalle in the 2nd quarter valued at approximately $34,000. Atlas Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter worth $35,000. Riverview Trust Co purchased a new stake in shares of Jones Lang LaSalle during the first quarter worth $38,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JLL has been the topic of several recent research reports. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price 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. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, UBS Group boosted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Up 0.8 %

Shares of NYSE:JLL opened at $261.65 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $252.64 and a 200-day simple moving average of $219.48. The company has a market capitalization of $12.44 billion, a PE ratio of 42.07 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $273.82.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

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.