Corient Private Wealth LLC Has $8.95 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Corient Private Wealth LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,349 shares of the financial services provider's stock after purchasing an additional 3,459 shares during the period. Corient Private Wealth LLC owned approximately 0.07% of Jones Lang LaSalle worth $8,946,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in JLL. Private Trust Co. NA increased its stake in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after buying an additional 56 shares during the period. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd purchased a new position in Jones Lang LaSalle in the fourth quarter valued at about $35,000. Principal Securities Inc. grew its stake in Jones Lang LaSalle by 166.7% during 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of 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 valued at $49,000 after purchasing an additional 51 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $0.18 during trading on Tuesday, reaching $260.05. The company had a trading volume of 213,190 shares, compared to its average volume of 297,367. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $12.32 billion, a PE ratio of 23.03 and a beta of 1.36. The firm's fifty day moving average is $266.84 and its 200 day moving average is $264.65.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS 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 company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $4.23 EPS. The company's quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price target on the stock. Raymond James upped their price objective on 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. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $309.00.

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.