Jones Lang LaSalle Incorporated (NYSE:JLL) Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,751 shares of the financial services provider’s stock after buying an additional 16,249 shares during the quarter. Franklin Resources Inc.’s holdings in Jones Lang LaSalle were worth $33,351,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its holdings in shares of Jones Lang LaSalle by 17.7% during the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 306 shares during the period. HighTower Advisors LLC increased its stake in Jones Lang LaSalle by 6.0% during the 3rd quarter. HighTower Advisors LLC now owns 3,325 shares of the financial services provider’s stock valued at $903,000 after buying an additional 189 shares during the period. Janus Henderson Group PLC raised its position in shares of Jones Lang LaSalle by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 22,224 shares of the financial services provider’s stock worth $5,994,000 after buying an additional 1,238 shares in the last quarter. Quarry LP lifted its stake in shares of Jones Lang LaSalle by 296.3% in the 3rd quarter. Quarry LP now owns 214 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 160 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $384,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Raymond James lifted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $219.47 on Friday. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The company has a 50-day moving average of $263.62 and a two-hundred day moving average of $264.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 19.44 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.23 EPS. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Company 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.