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

Empowered Funds LLC lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 19.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. boosted its stake 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 purchasing an additional 443,992 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Jones Lang LaSalle by 1.9% during 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 buying an additional 26,814 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Jones Lang LaSalle by 20.9% during 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 last quarter. Boston Trust Walden Corp increased its position in Jones Lang LaSalle by 1.2% in the 2nd quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after acquiring an additional 7,698 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $97,018,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on JLL shares. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average target price of $271.50.

Jones Lang LaSalle Stock Performance

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

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

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.