Oak Thistle LLC Invests $686,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Oak Thistle LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,709 shares of the financial services provider's stock, valued at approximately $686,000.

Several other large investors have also modified their holdings of the business. FMR LLC raised its position in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. Select Equity Group L.P. purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $55,152,000. Massachusetts Financial Services Co. MA boosted its holdings in Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock valued at $215,419,000 after acquiring an additional 181,246 shares during the period. International Assets Investment Management LLC increased its stake in Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock worth $39,456,000 after purchasing an additional 146,150 shares during the period. Finally, Artemis Investment Management LLP lifted its position in shares of Jones Lang LaSalle by 43.0% during the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider's stock worth $89,446,000 after purchasing an additional 99,613 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective 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 raised their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 price target for the company. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $301.57.

Jones Lang LaSalle Stock Up 1.2 %

Jones Lang LaSalle stock traded up $3.20 during mid-day trading on Thursday, hitting $259.40. The company had a trading volume of 198,380 shares, compared to its average volume of 314,618. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 26.23 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1 year low of $167.11 and a 1 year high of $288.50. The business has a fifty day moving average of $262.47 and a 200 day moving average of $253.87.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the business earned $2.01 EPS. Jones Lang LaSalle's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 13.6 earnings per share 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.