Wealthspire Advisors LLC Increases Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Wealthspire Advisors LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 20.3% during the fourth quarter, HoldingsChannel reports. The firm owned 902 shares of the financial services provider’s stock after acquiring an additional 152 shares during the period. Wealthspire Advisors LLC’s holdings in Jones Lang LaSalle were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in JLL. FMR LLC grew its position in shares of 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 in the last quarter. State Street Corp grew its position in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after buying an additional 6,304 shares during the last quarter. Wellington Management Group LLP increased its position in Jones Lang LaSalle by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock valued at $242,641,000 after purchasing an additional 53,066 shares during the period. Geode Capital Management LLC raised its stake in Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after buying an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Jones Lang LaSalle by 18.9% in the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock worth $99,791,000 after acquiring an additional 62,700 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the subject of several recent research reports. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Trading Down 1.4 %

NYSE JLL opened at $267.28 on Friday. The company has a 50 day moving average price of $265.57 and a 200 day moving average price of $263.76. The firm has a market cap of $12.67 billion, a PE ratio of 23.67 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) last issued its quarterly 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 business had revenue of $6.81 billion for 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%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.23 EPS. As a group, sell-side analysts forecast 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.