Cerity Partners LLC Boosts Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cerity Partners LLC raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1,387.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,219 shares of the financial services provider's stock after buying an additional 28,188 shares during the period. Cerity Partners LLC owned about 0.06% of Jones Lang LaSalle worth $7,664,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JLL. Hudson Edge Investment Partners Inc. increased its stake in shares of Jones Lang LaSalle by 3.1% in 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 in the last quarter. Greenleaf Trust increased its holdings in shares of Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after purchasing an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after buying an additional 50 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after buying an additional 51 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after acquiring an additional 56 shares during the period. 94.80% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JLL. JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group dropped their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $323.33.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $3.87 during mid-day trading on Monday, hitting $214.81. The stock had a trading volume of 280,775 shares, compared to its average volume of 312,301. The firm has a market capitalization of $10.18 billion, a P/E ratio of 19.03 and a beta of 1.22. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $252.96 and its 200 day moving average is $261.28. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.23 earnings per share. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 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.