Victory Capital Management Inc. Increases Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Victory Capital Management Inc. lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,294 shares of the financial services provider’s stock after acquiring an additional 81 shares during the quarter. Victory Capital Management Inc.’s holdings in Jones Lang LaSalle were worth $5,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Atria Investments Inc increased its holdings in Jones Lang LaSalle by 64.5% in the third quarter. Atria Investments Inc now owns 5,423 shares of the financial services provider’s stock valued at $1,463,000 after buying an additional 2,126 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $646,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $451,000. Oppenheimer & Co. Inc. grew its holdings in shares of Jones Lang LaSalle by 29.5% during the third quarter. Oppenheimer & Co. Inc. now owns 2,460 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 560 shares during the last quarter. Finally, Plato Investment Management Ltd grew its holdings in shares of Jones Lang LaSalle by 332.3% during the third quarter. Plato Investment Management Ltd now owns 2,045 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 1,572 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JLL. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. Raymond James boosted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Trading Up 4.1 %

Shares of NYSE:JLL opened at $249.68 on Friday. The stock has a market capitalization of $11.83 billion, a PE ratio of 22.12 and a beta of 1.36. The company’s 50-day moving average price is $266.07 and its two-hundred day moving average price is $264.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.23 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 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.