Channing Capital Management LLC Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Channing Capital Management LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,181 shares of the financial services provider's stock, valued at approximately $6,627,000. Channing Capital Management LLC owned 0.06% of Jones Lang LaSalle at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JLL. Public Employees Retirement System of Ohio raised its stake in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Boston Trust Walden Corp raised its stake in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after purchasing an additional 5,663 shares during the last quarter. Dorsey Wright & Associates acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at $4,276,000. Principal Securities Inc. raised its stake in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in Jones Lang LaSalle in the 4th quarter valued at $567,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the subject of several recent research reports. Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 target price for the company. Finally, StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $309.00.

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Jones Lang LaSalle Trading Up 4.1 %

Shares of NYSE JLL traded up $9.85 during mid-day trading on Friday, reaching $249.68. 452,747 shares of the company's stock were exchanged, compared to its average volume of 298,720. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The company's 50-day moving average is $266.07 and its 200-day moving average is $264.46.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. During the same period in the prior year, the business posted $4.23 EPS. The company's revenue was up 15.8% compared to the same quarter last year. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle Company 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.