940 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Acquired by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 940 shares of the financial services provider’s stock, valued at approximately $238,000.

Several other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake 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 acquiring an additional 10,186 shares during the period. Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after purchasing an additional 5,663 shares during the period. Dorsey Wright & Associates purchased a new position in shares of Jones Lang LaSalle in the third quarter worth about $4,276,000. Diversified Trust Co bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $567,000. Finally, Private Client Services LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $1,817,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on JLL. JPMorgan Chase & Co. boosted 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. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a research note 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 report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $261.16 on Friday. The company has a market capitalization of $12.39 billion, a PE ratio of 23.13 and a beta of 1.36. The firm has a fifty day simple moving average of $265.07 and a two-hundred day simple moving average of $262.88. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $4.23 EPS. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.