Loomis Sayles & Co. L P Makes New $2.05 Million Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Loomis Sayles & Co. L P acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,606 shares of the financial services provider’s stock, valued at approximately $2,053,000.

Several other hedge funds have also recently made changes to their positions in the stock. Huntington National Bank raised its holdings in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Jones Lang LaSalle by 3.1% during the second quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 49 shares during the last quarter. Finally, First Bank & Trust raised its holdings in shares of Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 54 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 0.4 %

Shares of JLL stock opened at $282.22 on Thursday. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 28.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The company’s fifty day moving average price is $266.45 and its 200-day moving average price is $239.33. Jones Lang LaSalle Incorporated has a one year low of $153.26 and a one year high of $288.50.

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, beating analysts’ consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion for 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 business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $2.01 earnings per share. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JLL. Wolfe Research upgraded shares of 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 report on Monday. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. One equities 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $271.50.

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.