Loomis Sayles & Co. L P Buys 130 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Loomis Sayles & Co. L P boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,736 shares of the financial services provider’s stock after purchasing an additional 130 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Jones Lang LaSalle were worth $1,958,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JLL. Hudson Edge Investment Partners Inc. boosted its stake in Jones Lang LaSalle by 3.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 40 shares during the last quarter. Greenleaf Trust raised its holdings in Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 47 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA increased its position in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after buying an additional 56 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Jones Lang LaSalle by 11.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider’s stock worth $159,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JLL. Raymond James increased their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $245.52 on Friday. The stock’s 50-day simple moving average is $266.72 and its 200 day simple moving average is $264.62. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The company has a market cap of $11.64 billion, a P/E ratio of 21.75 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.23 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 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.