Trust Point Inc. Purchases 3,052 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Trust Point Inc. raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 352.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,917 shares of the financial services provider’s stock after buying an additional 3,052 shares during the period. Trust Point Inc.’s holdings in Jones Lang LaSalle were worth $992,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JLL. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $35,000. UMB Bank n.a. raised its holdings in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after buying an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $37,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of 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 acquiring an additional 51 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Up 0.8 %

JLL opened at $278.90 on Wednesday. Jones Lang LaSalle Incorporated has a fifty-two week low of $168.36 and a fifty-two week high of $288.50. The firm has a market capitalization of $13.23 billion, a PE ratio of 28.20 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. The company’s 50-day moving average is $264.63 and its 200 day moving average is $259.93.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.01 EPS. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JLL shares. Raymond James upped their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $309.00.

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.