TKG Advisors LLC Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

TKG Advisors LLC boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,935 shares of the financial services provider’s stock after buying an additional 1,358 shares during the period. Jones Lang LaSalle makes up 2.6% of TKG Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. TKG Advisors LLC’s holdings in Jones Lang LaSalle were worth $5,505,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JLL. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $34,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $35,000. V Square Quantitative Management LLC bought a new position in shares of Jones Lang LaSalle in the third quarter worth approximately $37,000. Principal Securities Inc. raised its stake 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 valued at $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position 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 during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JLL shares. Raymond James increased 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. JPMorgan Chase & Co. lifted 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. 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. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $292.00 to $325.00 in a research 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 issued a “buy” rating and a $352.00 target price on the stock. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Trading Down 0.6 %

NYSE:JLL opened at $281.09 on Wednesday. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $265.23 and a 200-day moving average price of $262.50. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 28.42 and a beta of 1.36.

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.