Wealthfront Advisers LLC Buys Shares of 11,412 Jones Lang LaSalle Incorporated (NYSE:JLL)

Wealthfront Advisers LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 11,412 shares of the financial services provider's stock, valued at approximately $2,889,000.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of 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 worth $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $35,000. Principal Securities Inc. increased its position in Jones Lang LaSalle by 166.7% in 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the subject of a number of recent research reports. 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. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and an average price target of $309.00.

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Jones Lang LaSalle Trading Up 1.5 %

JLL traded up $3.80 during trading hours on Monday, reaching $253.70. 321,097 shares of the company's stock traded hands, compared to its average volume of 297,173. The firm has a 50-day moving average price of $265.99 and a 200 day moving average price of $264.60. The firm has a market capitalization of $12.02 billion, a PE ratio of 22.47 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results 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 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 business's revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.23 earnings per share. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.