1,416 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,416 shares of the financial services provider’s stock, valued at approximately $358,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $35,000. Principal Securities Inc. boosted 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 increased its holdings 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 worth $49,000 after buying an additional 51 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JLL. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Raymond James boosted 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. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $251.19 on Friday. The firm’s 50 day simple moving average is $267.05 and its 200 day simple moving average is $264.59. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The firm has a market capitalization of $11.90 billion, a PE ratio of 22.25 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the prior year, the company earned $4.23 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle 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.