Legacy Capital Wealth Partners LLC Acquires 1,875 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Legacy Capital Wealth Partners LLC grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 77.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,300 shares of the financial services provider's stock after purchasing an additional 1,875 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Jones Lang LaSalle were worth $1,160,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after acquiring an additional 105 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $37,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $34,000. Finally, Mather Group LLC. boosted its stake in shares of Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock worth $52,000 after acquiring an additional 219 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 1.4 %

JLL traded up $3.62 during trading on Friday, reaching $269.06. 347,208 shares of the stock traded hands, compared to its average volume of 321,230. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 27.21 and a beta of 1.37. Jones Lang LaSalle Incorporated has a fifty-two week low of $136.83 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.58. The stock's 50-day simple moving average is $262.99 and its two-hundred day simple moving average is $232.24.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the company earned $2.01 earnings per share. The business's revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 12.65 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on JLL shares. Raymond James raised their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $246.80.

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.