7,177 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Purchased by Private Client Services LLC

Private Client Services LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,177 shares of the financial services provider’s stock, valued at approximately $1,817,000.

A number of other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew 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 worth $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Dorsey Wright & Associates bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $4,276,000. JPMorgan Chase & Co. grew its holdings in shares of Jones Lang LaSalle by 39.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock worth $53,073,000 after purchasing an additional 55,322 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at about $24,283,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Jones Lang LaSalle by 29.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock valued at $2,869,000 after purchasing an additional 2,430 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.2 %

Shares of Jones Lang LaSalle stock traded down $3.03 on Wednesday, hitting $246.18. The stock had a trading volume of 160,364 shares, compared to its average volume of 216,241. The stock has a 50 day moving average of $265.55 and a 200 day moving average of $252.52. The firm has a market capitalization of $11.68 billion, a P/E ratio of 24.89 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. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

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

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $301.57.

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.