Cibc World Markets Corp Buys 1,261 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Cibc World Markets Corp boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,804 shares of the financial services provider's stock after purchasing an additional 1,261 shares during the period. Cibc World Markets Corp's holdings in Jones Lang LaSalle were worth $3,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JLL. Private Trust Co. NA increased its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after buying an additional 56 shares during the period. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $34,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. grew its stake in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after buying an additional 51 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in 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 on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Finally, 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. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $309.00.

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Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $0.18 during trading hours on Tuesday, reaching $260.05. The stock had a trading volume of 213,190 shares, compared to its average volume of 297,367. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. 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 stock has a 50 day simple moving average of $266.84 and a 200 day simple moving average of $264.65. The stock has a market cap of $12.32 billion, a P/E ratio of 23.03 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.23 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

About Jones Lang LaSalle

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.