Blair William & Co. IL Purchases 7,511 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Blair William & Co. IL increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,464 shares of the financial services provider’s stock after acquiring an additional 7,511 shares during the period. Blair William & Co. IL owned about 0.12% of Jones Lang LaSalle worth $14,293,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after buying an additional 5,663 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Jones Lang LaSalle in the third quarter worth about $4,276,000. Principal Securities Inc. boosted its stake in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $413,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $245.52 on Friday. The firm’s 50 day simple moving average is $266.72 and its 200 day simple moving average is $264.54. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The firm has a market capitalization of $11.64 billion, a PE ratio of 21.75 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.23 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on JLL shares. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, Raymond James upped their price target 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, January 24th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.