Voya Investment Management LLC Increases Stock Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• Voya Investment Management LLC increased its stake in Jones Lang LaSalle by 21.7% by acquiring an additional 8,834 shares, bringing its total holdings to 49,545 shares valued at approximately $12.28 million.
• Jones Lang LaSalle reported a quarterly EPS of $3.30, exceeding analysts' expectations of $3.20, along with revenue of $6.25 billion, marking an 11% year-over-year increase.
• Market analysts have mixed ratings for Jones Lang LaSalle; while UBS Group raised its price target to $340.00, Citigroup lowered theirs to $240.00, reflecting varied sentiments on the stock's performance.

Voya Investment Management LLC boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 21.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,545 shares of the financial services provider's stock after purchasing an additional 8,834 shares during the period. Voya Investment Management LLC owned about 0.10% of Jones Lang LaSalle worth $12,283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider's stock valued at $455,000,000 after purchasing an additional 195,818 shares during the period. Select Equity Group L.P. boosted its position in Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock valued at $263,298,000 after acquiring an additional 357,469 shares in the last quarter. Invesco Ltd. boosted its position in Jones Lang LaSalle by 1.8% during the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock valued at $238,479,000 after acquiring an additional 17,336 shares in the last quarter. Northern Trust Corp boosted its position in Jones Lang LaSalle by 21.6% during the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider's stock valued at $135,911,000 after acquiring an additional 97,492 shares in the last quarter. Finally, Vulcan Value Partners LLC boosted its position in Jones Lang LaSalle by 22.9% during the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider's stock valued at $132,828,000 after acquiring an additional 99,837 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of JLL traded down $1.46 during midday trading on Friday, hitting $318.20. 913,533 shares of the company traded hands, compared to its average volume of 374,002. The firm has a 50 day moving average of $287.94 and a 200-day moving average of $253.89. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $322.36. The stock has a market cap of $15.08 billion, a price-to-earnings ratio of 27.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.55 EPS. The business's revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Citigroup dropped their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Citizens Jmp started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. JMP Securities started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Moderate Buy" and an average target price of $328.57.

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.