Brooklyn Investment Group Acquires Shares of 127 Jones Lang LaSalle Incorporated (NYSE:JLL)

Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 127 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. Select Equity Group L.P. acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $55,152,000. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 valued at $215,419,000 after purchasing an additional 181,246 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after purchasing an additional 146,150 shares during the period. Finally, TCW Group Inc. lifted its stake in shares of Jones Lang LaSalle by 73.0% in the 2nd quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider’s stock valued at $54,503,000 after purchasing an additional 112,041 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $271.50.

Jones Lang LaSalle Price Performance

JLL stock opened at $280.64 on Friday. The stock has a 50-day moving average price of $267.33 and a two-hundred day moving average price of $239.92. The stock has a market cap of $13.31 billion, a PE ratio of 28.54 and a beta of 1.37. 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 Incorporated has a 1 year low of $154.43 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations 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 revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal 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.