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

Congress Wealth Management LLC DE bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,033 shares of the financial services provider’s stock, valued at approximately $768,000.

Several other hedge funds have also added to or reduced their stakes in JLL. Private Trust Co. NA lifted its stake in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle in the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. grew its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 worth $49,000 after buying an additional 51 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports 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 target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. The Goldman Sachs Group assumed coverage on 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. Finally, Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $251.19 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.36. The business’s fifty day moving average is $267.05 and its 200 day moving average is $264.59. 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 data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the firm posted $4.23 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.