Diversified Trust Co Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Diversified Trust Co acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,240 shares of the financial services provider's stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $34,000. UMB Bank n.a. raised its stake in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter worth $37,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 38 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 3.9 %

Shares of Jones Lang LaSalle stock traded down $9.71 on Friday, reaching $238.23. 553,940 shares of the company were exchanged, compared to its average volume of 309,307. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a fifty-two week low of $167.11 and a fifty-two week high of $288.50. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 24.09 and a beta of 1.36. The stock has a fifty day moving average price of $264.00 and a 200-day moving average price of $253.02.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JLL shares. Wolfe Research upgraded shares of 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 report on Monday, November 25th. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $301.57.

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.