Legacy Capital Wealth Partners LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Legacy Capital Wealth Partners LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 2,425 shares of the financial services provider’s stock, valued at approximately $498,000.

Several other hedge funds have also recently bought and sold shares of JLL. EdgePoint Investment Group Inc. increased its stake in Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares during the period. Dimensional Fund Advisors LP increased its stake in Jones Lang LaSalle by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after buying an additional 142,887 shares during the period. Boston Trust Walden Corp lifted its holdings in Jones Lang LaSalle by 1.2% during the 2nd quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after buying an additional 7,698 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after buying an additional 270,404 shares during the period. Finally, Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $97,222,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $250.88 on Wednesday. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 40.33 and a beta of 1.38. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $261.83. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $233.65 and a 200 day moving average price of $206.66.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on JLL shares. Raymond James boosted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, UBS Group raised their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.33.

About Jones Lang LaSalle

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.