Steward Partners Investment Advisory LLC Acquires 1,130 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Steward Partners Investment Advisory LLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 763.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,278 shares of the financial services provider's stock after acquiring an additional 1,130 shares during the period. Steward Partners Investment Advisory LLC's holdings in Jones Lang LaSalle were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of JLL. Private Trust Co. NA boosted its holdings in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $35,000. Principal Securities Inc. raised its stake in shares of 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 buying an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 acquiring an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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Jones Lang LaSalle Stock Up 1.5 %

JLL traded up $3.80 during trading on Monday, reaching $253.70. The company had a trading volume of 321,097 shares, compared to its average volume of 297,173. The company has a market cap of $12.02 billion, a P/E ratio of 22.47 and a beta of 1.36. 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 current ratio of 2.00 and a quick ratio of 2.29. The business's fifty day moving average price is $265.99 and its 200 day moving average price is $264.60.

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 for the quarter, topping 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%. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.23 EPS. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Raymond James increased their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 target price on the stock. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $309.00.

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.