American Trust Takes $208,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

American Trust purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 772 shares of the financial services provider’s stock, valued at approximately $208,000.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Jones Lang LaSalle during the third quarter valued at $37,000. Massmutual Trust Co. FSB ADV raised its position in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at about $34,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised 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 report on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Six 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $287.71.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $269.58 on Friday. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 27.26 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 12 month low of $167.11 and a 12 month high of $288.50. The company’s 50 day moving average is $269.20 and its two-hundred day moving average is $245.96. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results 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. The company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 EPS. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

About Jones Lang LaSalle

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.