Cerity Partners LLC Purchases 306 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Cerity Partners LLC boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,031 shares of the financial services provider’s stock after buying an additional 306 shares during the period. Cerity Partners LLC’s holdings in Jones Lang LaSalle were worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JLL. Leelyn Smith LLC purchased a new position in Jones Lang LaSalle in the 3rd quarter worth about $229,000. Intech Investment Management LLC grew its stake in shares of Jones Lang LaSalle by 142.6% in the third quarter. Intech Investment Management LLC now owns 28,607 shares of the financial services provider’s stock worth $7,718,000 after acquiring an additional 16,817 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Jones Lang LaSalle by 29.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock valued at $2,869,000 after purchasing an additional 2,430 shares during the last quarter. Commerce Bank bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $243,000. Finally, Meeder Asset Management Inc. boosted its holdings in Jones Lang LaSalle by 19,416.1% in the third quarter. Meeder Asset Management Inc. now owns 6,050 shares of the financial services provider’s stock worth $1,632,000 after purchasing an additional 6,019 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday. They set a “buy” rating and a $352.00 price objective for the company. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Wolfe Research upgraded shares of 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 report on Monday, November 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $283.00.

Jones Lang LaSalle Trading Up 1.4 %

NYSE:JLL opened at $277.37 on Friday. The firm has a 50 day moving average of $268.56 and a 200 day moving average of $243.35. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52 week low of $162.93 and a 52 week high of $288.50. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 28.05 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the business posted $2.01 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.

Jones Lang LaSalle 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.