Leelyn Smith LLC Makes New $229,000 Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Leelyn Smith LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 849 shares of the financial services provider’s stock, valued at approximately $229,000.

Other hedge funds also recently made changes to their positions in the company. EdgePoint Investment Group Inc. boosted its holdings in Jones Lang LaSalle by 27.3% during 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 buying an additional 443,992 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 acquiring an additional 26,814 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 worth $215,419,000 after acquiring an additional 181,246 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of Jones Lang LaSalle by 1.2% during the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after purchasing an additional 7,698 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Jones Lang LaSalle during the first quarter valued at $97,018,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 1.7 %

Shares of Jones Lang LaSalle stock opened at $263.37 on Friday. 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 $153.26 and a 1 year high of $288.50. The stock has a 50-day moving average price of $265.28 and a 200 day moving average price of $237.43. The company has a market cap of $12.49 billion, a P/E ratio of 26.63 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of “Buy” and an average price target of $255.20.

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.