MGB Wealth Management LLC Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

MGB Wealth Management LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,075 shares of the financial services provider’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $34,000. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at $37,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at $35,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Price Performance

JLL opened at $270.91 on Thursday. The company has a fifty day simple moving average of $264.54 and a 200 day simple moving average of $261.44. 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 stock has a market cap of $12.85 billion, a P/E ratio of 27.39 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $169.05 and a 12 month high of $288.50.

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.