LPL Financial LLC Has $3.11 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

LPL Financial LLC lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 55.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,285 shares of the financial services provider's stock after purchasing an additional 4,371 shares during the quarter. LPL Financial LLC's holdings in Jones Lang LaSalle were worth $3,110,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JLL. Fox Run Management L.L.C. acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $413,000. KLP Kapitalforvaltning AS bought a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $2,430,000. Sei Investments Co. boosted its holdings in shares of Jones Lang LaSalle by 86.5% in the fourth quarter. Sei Investments Co. now owns 36,142 shares of the financial services provider's stock valued at $9,149,000 after acquiring an additional 16,764 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $1,366,000. Finally, TD Private Client Wealth LLC lifted its position in Jones Lang LaSalle by 74.2% in the fourth quarter. TD Private Client Wealth LLC now owns 3,284 shares of the financial services provider's stock worth $831,000 after purchasing an additional 1,399 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James boosted 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. UBS Group cut their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $323.33.

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Jones Lang LaSalle Trading Up 1.8 %

Shares of JLL traded up $3.87 during midday trading on Monday, hitting $214.81. The stock had a trading volume of 280,775 shares, compared to its average volume of 312,301. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm has a market cap of $10.18 billion, a P/E ratio of 19.03 and a beta of 1.22. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The business has a 50-day simple moving average of $252.96 and a two-hundred day simple moving average of $261.28.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its 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 period in the previous year, the business earned $4.23 EPS. The company's revenue was up 15.8% on a year-over-year basis. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.