DGS Capital Management LLC Purchases 157 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

DGS Capital Management LLC boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,501 shares of the financial services provider’s stock after acquiring an additional 157 shares during the quarter. DGS Capital Management LLC’s holdings in Jones Lang LaSalle were worth $633,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Jones Lang LaSalle by 143.6% during the 2nd quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider’s stock valued at $4,447,000 after acquiring an additional 12,767 shares during the last quarter. Xponance Inc. boosted its stake in shares of Jones Lang LaSalle by 14.1% in the 2nd quarter. Xponance Inc. now owns 6,480 shares of the financial services provider’s stock worth $1,330,000 after buying an additional 799 shares during the last quarter. Marshall Wace LLP purchased a new stake in Jones Lang LaSalle during the second quarter valued at $17,110,000. AQR Capital Management LLC lifted its holdings in Jones Lang LaSalle by 76.6% in the second quarter. AQR Capital Management LLC now owns 71,076 shares of the financial services provider’s stock valued at $14,590,000 after acquiring an additional 30,839 shares during the period. Finally, Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $55,152,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JLL. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. 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. Finally, Raymond James lifted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Up 0.9 %

Shares of JLL stock opened at $276.26 on Friday. The stock has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. The company’s fifty day simple moving average is $262.63 and its two-hundred day simple moving average is $256.64. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52 week low of $168.36 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.01 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 13.61 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.