Handelsbanken Fonder AB Acquires 600 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Handelsbanken Fonder AB boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,018 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Jones Lang LaSalle were worth $1,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its holdings in shares of Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after buying an additional 96 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $47,000. NBC Securities Inc. bought a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $100,000. Sequoia Financial Advisors LLC bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $215,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $162,000. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the topic of several research analyst reports. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective for the company. Finally, StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $206.00.

Jones Lang LaSalle Trading Up 1.1 %

Shares of JLL stock opened at $182.50 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $8.67 billion, a PE ratio of 39.16 and a beta of 1.42. The stock has a fifty day simple moving average of $186.47 and a two-hundred day simple moving average of $170.99.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the business posted $4.36 EPS. Jones Lang LaSalle’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current fiscal 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.