TD Private Client Wealth LLC boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 74.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,284 shares of the financial services provider's stock after buying an additional 1,399 shares during the quarter. TD Private Client Wealth LLC's holdings in Jones Lang LaSalle were worth $831,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Blueshift Asset Management LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth about $309,000. Teacher Retirement System of Texas grew its position in Jones Lang LaSalle by 16.3% during the 4th quarter. Teacher Retirement System of Texas now owns 44,077 shares of the financial services provider's stock worth $11,158,000 after acquiring an additional 6,172 shares during the last quarter. Vinva Investment Management Ltd increased its holdings in Jones Lang LaSalle by 57.7% during the 4th quarter. Vinva Investment Management Ltd now owns 1,107 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 405 shares in the last quarter. Xponance Inc. boosted its stake in Jones Lang LaSalle by 7.3% in the fourth quarter. Xponance Inc. now owns 6,903 shares of the financial services provider's stock worth $1,747,000 after purchasing an additional 472 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Jones Lang LaSalle by 165.2% during the fourth quarter. Intech Investment Management LLC now owns 75,855 shares of the financial services provider's stock worth $19,202,000 after purchasing an additional 47,248 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday. 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 report on Monday, December 16th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price target for the company from $292.00 to $325.00 in a 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 on the stock. Finally, Raymond James lifted their target price 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. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $309.00.
Read Our Latest Report on JLL
Jones Lang LaSalle Trading Down 0.3 %
Shares of Jones Lang LaSalle stock traded down $0.70 on Tuesday, hitting $259.18. 72,450 shares of the company's stock traded hands, compared to its average volume of 297,367. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year 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 stock has a market capitalization of $12.28 billion, a PE ratio of 23.01 and a beta of 1.36. The firm's 50-day moving average price is $266.84 and its two-hundred day moving average price is $264.65.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.23 earnings per share. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Jones Lang LaSalle Company Profile
(
Free Report)
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.
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