Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 131,751 shares of the financial services provider’s stock after acquiring an additional 16,249 shares during the period. Franklin Resources Inc. owned approximately 0.28% of Jones Lang LaSalle worth $33,351,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JLL. State Street Corp boosted its stake in shares of Jones Lang LaSalle by 0.4% in the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after purchasing an additional 6,304 shares during the period. Wellington Management Group LLP lifted its holdings in Jones Lang LaSalle by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after buying an additional 53,066 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 0.3% during the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock valued at $241,165,000 after acquiring an additional 3,109 shares in the last quarter. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $149,468,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Jones Lang LaSalle by 13.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider’s stock valued at $137,373,000 after purchasing an additional 65,407 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of several analyst reports. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Trading Down 5.4 %

NYSE JLL opened at $219.47 on Friday. The firm has a market capitalization of $10.40 billion, a PE ratio of 19.44 and a beta of 1.22. 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 simple moving average of $263.62 and a 200-day simple moving average of $264.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the prior year, the firm earned $4.23 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts forecast 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.