Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 589 shares of the financial services provider’s stock after purchasing an additional 59 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Jones Lang LaSalle were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JLL. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in shares of Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV boosted its holdings in 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 worth $39,000 after buying an additional 39 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Jones Lang LaSalle during the second quarter valued at $34,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on JLL. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $287.71.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $269.58 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50. The company has a market cap of $12.79 billion, a PE ratio of 27.26 and a beta of 1.34. The stock’s 50 day simple moving average is $269.20 and its 200-day simple moving average is $246.31.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.01 EPS. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

About Jones Lang LaSalle

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.