MML Investors Services LLC Has $906,000 Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

MML Investors Services LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 204.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,358 shares of the financial services provider’s stock after buying an additional 2,256 shares during the quarter. MML Investors Services LLC’s holdings in Jones Lang LaSalle were worth $906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dorsey Wright & Associates acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at $4,276,000. Wellington Management Group LLP grew its holdings in shares of Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock valued at $242,641,000 after buying an additional 53,066 shares during the last quarter. State Street Corp increased its position in shares of Jones Lang LaSalle by 0.4% during the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after acquiring an additional 6,304 shares in the last quarter. Stifel Financial Corp lifted its position in Jones Lang LaSalle by 101.9% in the 3rd quarter. Stifel Financial Corp now owns 7,644 shares of the financial services provider’s stock valued at $2,062,000 after acquiring an additional 3,858 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $384,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JLL. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their price objective 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. Six investment 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, the stock presently has a consensus rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $246.93 on Friday. Jones Lang LaSalle Incorporated has a 52 week low of $167.11 and a 52 week high of $288.50. The firm’s 50-day simple moving average is $269.27 and its two-hundred day simple moving average is $247.35. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 24.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.01 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Jones Lang LaSalle 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.