Mercer Global Advisors Inc. ADV Has $1.12 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mercer Global Advisors Inc. ADV boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,462 shares of the financial services provider’s stock after buying an additional 137 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Jones Lang LaSalle were worth $1,121,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. EdgePoint Investment Group Inc. grew its position in shares of Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after buying an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock valued at $302,318,000 after acquiring an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after purchasing an additional 181,246 shares during the period. Boston Trust Walden Corp raised its holdings in Jones Lang LaSalle by 1.2% during the 2nd 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 last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JLL. UBS Group lifted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, Raymond James increased their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. 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.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Trading Down 0.8 %

Shares of Jones Lang LaSalle stock opened at $267.30 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $271.91. The stock has a 50 day moving average price of $248.09 and a two-hundred day moving average price of $214.30. The stock has a market capitalization of $12.71 billion, a PE ratio of 42.97 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the business posted $0.50 EPS. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 earnings per share 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.