Trust Point Inc. Purchases New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Trust Point Inc. acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, Holdings Channel reports. The fund acquired 865 shares of the financial services provider’s stock, valued at approximately $233,000.

Other large investors have also modified their holdings of the company. Gateway Investment Advisers LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at $435,000. Riverview Trust Co purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $38,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle during the first quarter worth approximately $35,000. DGS Capital Management LLC purchased a new stake in Jones Lang LaSalle in the first quarter valued at approximately $341,000. Finally, Artemis Investment Management LLP acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $32,639,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $266.26 on Friday. The firm has a market capitalization of $12.66 billion, a PE ratio of 42.81 and a beta of 1.37. The stock’s 50 day moving average is $256.79 and its two-hundred day moving average is $223.35. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $273.82. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Raymond James increased their target price on shares of 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. UBS Group boosted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $246.80.

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.