Vestcor Inc Has $1.01 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Vestcor Inc grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 20.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,000 shares of the financial services provider’s stock after purchasing an additional 679 shares during the period. Vestcor Inc’s holdings in Jones Lang LaSalle were worth $1,013,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after buying an additional 5,663 shares during the last quarter. Dorsey Wright & Associates bought a new position in shares of Jones Lang LaSalle in the third quarter valued at about $4,276,000. Principal Securities Inc. raised 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 valued at $45,000 after buying an additional 110 shares during the last quarter. Finally, Diversified Trust Co bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at about $567,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 4.1 %

NYSE:JLL opened at $249.68 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. 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 business has a 50 day moving average price of $265.99 and a two-hundred day moving average price of $264.51. The company has a market cap of $11.83 billion, a P/E ratio of 22.12 and a beta of 1.36.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James lifted their price target 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. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.