Oak Thistle LLC Invests $686,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Oak Thistle LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,709 shares of the financial services provider’s stock, valued at approximately $686,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $34,000. UMB Bank n.a. increased its stake 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 purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JLL. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. JPMorgan Chase & Co. raised their target price 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. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $301.57.

Jones Lang LaSalle Stock Up 6.4 %

Shares of NYSE:JLL opened at $255.76 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $262.59 and a 200-day simple moving average of $253.86. The company has a market capitalization of $12.13 billion, a PE ratio of 25.86 and a beta of 1.36. Jones Lang LaSalle Incorporated has a twelve month low of $167.11 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.37 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.