Inceptionr LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Inceptionr LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,103 shares of the financial services provider's stock, valued at approximately $785,000.

Several other large investors also recently bought and sold shares of JLL. Huntington National Bank boosted its position in shares of Jones Lang LaSalle by 22.9% in the 3rd 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 during the period. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 40 shares during the period. CIBC Asset Management Inc grew its position in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock worth $371,000 after acquiring an additional 47 shares during 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 valued at $409,000 after acquiring an additional 47 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Wall Street Analyst Weigh In

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

Jones Lang LaSalle Price Performance

Shares of JLL traded up $4.80 during trading hours on Tuesday, reaching $246.20. The company had a trading volume of 584,112 shares, compared to its average volume of 295,795. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 21.81 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The firm has a 50 day simple moving average of $266.42 and a 200-day simple moving average of $264.81. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. 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 prior year, the firm earned $4.23 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current 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.