Empowered Funds LLC Has $244,000 Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Empowered Funds LLC decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 904 shares of the financial services provider’s stock after selling 217 shares during the quarter. Empowered Funds LLC’s holdings in Jones Lang LaSalle were worth $244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Swedbank AB bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $97,018,000. EdgePoint Investment Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 27.3% during the 1st 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 period. Select Equity Group L.P. acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at $55,152,000. Massachusetts Financial Services Co. MA raised its holdings 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 worth $215,419,000 after acquiring an additional 181,246 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after acquiring an additional 146,150 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL opened at $283.09 on Wednesday. The stock has a market cap of $13.43 billion, a PE ratio of 28.47 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1 year low of $153.26 and a 1 year high of $288.50. The stock’s 50 day simple moving average is $265.81 and its 200-day simple moving average is $238.72. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the company posted $2.01 EPS. The business’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JLL. Keefe, Bruyette & Woods boosted 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. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $271.50.

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.