Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Abacus Planning Group Inc.

Abacus Planning Group Inc. grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,785 shares of the financial services provider’s stock after purchasing an additional 165 shares during the period. Abacus Planning Group Inc.’s holdings in Jones Lang LaSalle were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JLL. TKG Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 7.3% in the fourth quarter. TKG Advisors LLC now owns 19,935 shares of the financial services provider’s stock worth $5,505,000 after buying an additional 1,358 shares during the last quarter. Convergence Investment Partners LLC boosted its stake in shares of Jones Lang LaSalle by 17.3% in the fourth quarter. Convergence Investment Partners LLC now owns 2,001 shares of the financial services provider’s stock worth $507,000 after buying an additional 295 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Jones Lang LaSalle by 52.8% in the fourth quarter. Truist Financial Corp now owns 182,828 shares of the financial services provider’s stock worth $46,281,000 after buying an additional 63,161 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Jones Lang LaSalle by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,452 shares of the financial services provider’s stock worth $368,000 after buying an additional 77 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 7.2% in the fourth quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider’s stock worth $762,000 after buying an additional 201 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JLL has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. 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 report on Tuesday, December 10th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Raymond James increased their price target 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. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $279.36 on Thursday. The business has a 50 day simple moving average of $265.28 and a two-hundred day simple moving average of $262.62. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The stock has a market capitalization of $13.25 billion, a P/E ratio of 28.25 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the firm earned $4.23 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 13.63 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.