Ritholtz Wealth Management Buys 1,015 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Ritholtz Wealth Management raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 48.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,121 shares of the financial services provider’s stock after purchasing an additional 1,015 shares during the period. Ritholtz Wealth Management’s holdings in Jones Lang LaSalle were worth $790,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Huntington National Bank grew its stake in shares of Jones Lang LaSalle by 22.9% in the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 47 shares in the last quarter. First Bank & Trust raised its position in shares of Jones Lang LaSalle by 2.5% during the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 54 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Jones Lang LaSalle by 0.5% during the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider’s stock worth $2,972,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JLL. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $301.57.

Jones Lang LaSalle Trading Up 0.8 %

Shares of Jones Lang LaSalle stock opened at $261.62 on Monday. Jones Lang LaSalle Incorporated has a fifty-two week low of $168.13 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market cap of $12.41 billion, a P/E ratio of 26.45 and a beta of 1.36. The firm has a 50-day simple moving average of $262.20 and a two-hundred day simple moving average of $255.04.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the company earned $2.01 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.6 earnings per share 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.