Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,683 shares of the financial services provider's stock after buying an additional 1,260 shares during the period. Atria Investments Inc's holdings in Jones Lang LaSalle were worth $1,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA grew its holdings in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $34,000. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth approximately $35,000. Principal Securities Inc. lifted its stake in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $49,000 after acquiring an additional 51 shares during the period. Institutional investors own 94.80% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have weighed in on JLL shares. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective for the company. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research note 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, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $309.00.

Jones Lang LaSalle Stock Up 4.1 %

Shares of NYSE JLL traded up $9.85 during midday trading on Friday, reaching $249.68. 452,747 shares of the company's stock traded hands, compared to its average volume of 298,720. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 22.12 and a beta of 1.36. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock's 50 day simple moving average is $266.07 and its 200-day simple moving average is $264.46.

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 analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business's revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $4.23 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.