Equitable Trust Co. Buys 62 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Equitable Trust Co. lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,918 shares of the financial services provider’s stock after purchasing an additional 62 shares during the quarter. Equitable Trust Co.’s holdings in Jones Lang LaSalle were worth $1,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JLL. Entropy Technologies LP acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $354,000. Empowered Funds LLC boosted its stake in Jones Lang LaSalle by 47.7% during the 4th quarter. Empowered Funds LLC now owns 1,335 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Jones Lang LaSalle by 142.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,309 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 768 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $717,000. Finally, Hedeker Wealth LLC boosted its stake in Jones Lang LaSalle by 3.1% during the 4th quarter. Hedeker Wealth LLC now owns 6,999 shares of the financial services provider’s stock valued at $1,772,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.3 %

Shares of NYSE JLL opened at $279.39 on Tuesday. Jones Lang LaSalle Incorporated has a 52 week low of $169.05 and a 52 week high of $288.50. The business has a 50-day simple moving average of $264.69 and a two-hundred day simple moving average of $261.19. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $13.25 billion, a P/E ratio of 28.25 and a beta of 1.36.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of analyst reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $309.00.

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.