Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,859 shares of the financial services provider's stock after acquiring an additional 1,986 shares during the quarter. Hunter Associates Investment Management LLC's holdings in Jones Lang LaSalle were worth $3,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JLL. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $35,000. UMB Bank n.a. increased its stake in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle during the third quarter worth about $37,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

JLL stock traded up $2.14 on Tuesday, reaching $278.90. The company had a trading volume of 151,918 shares, compared to its average volume of 297,686. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company's fifty day moving average is $264.71 and its 200 day moving average is $259.59. The company has a market cap of $13.23 billion, a P/E ratio of 28.20 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $168.36 and a 1 year high of $288.50.

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. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.01 earnings per share. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JLL. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Raymond James increased their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target 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. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $309.00.

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.