Johnson Investment Counsel Inc. grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,787 shares of the financial services provider's stock after acquiring an additional 2,011 shares during the period. Johnson Investment Counsel Inc.'s holdings in Jones Lang LaSalle were worth $3,743,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in JLL. Janney Montgomery Scott LLC raised its stake in shares of Jones Lang LaSalle by 17.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider's stock valued at $2,117,000 after acquiring an additional 1,179 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at $1,322,000. Atria Investments Inc raised its stake in shares of Jones Lang LaSalle by 64.5% in the 3rd quarter. Atria Investments Inc now owns 5,423 shares of the financial services provider's stock valued at $1,463,000 after acquiring an additional 2,126 shares during the period. Crossmark Global Holdings Inc. increased its stake in Jones Lang LaSalle by 30.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 24,579 shares of the financial services provider's stock worth $6,632,000 after buying an additional 5,683 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Jones Lang LaSalle by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,239 shares of the financial services provider's stock worth $4,381,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Performance
Shares of NYSE JLL traded up $9.85 during midday trading on Friday, hitting $249.68. The company's stock had a trading volume of 452,747 shares, compared to its average volume of 298,720. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The firm's fifty day moving average price is $266.07 and its 200-day moving average price is $264.46. 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 cap of $11.83 billion, a P/E ratio of 22.12 and a beta of 1.36.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle's revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.23 EPS. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of 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 shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 target price for the company. Raymond James boosted 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 report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $309.00.
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Jones Lang LaSalle Company Profile
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Free Report)
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.
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