MassMutual Private Wealth & Trust FSB Has $49,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

MassMutual Private Wealth & Trust FSB grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 35.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194 shares of the financial services provider’s stock after buying an additional 51 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Jones Lang LaSalle were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in 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 valued at $9,276,000 after purchasing an additional 10,186 shares during the period. Dorsey Wright & Associates bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at $4,276,000. Diversified Trust Co bought a new position in Jones Lang LaSalle during the fourth quarter worth $567,000. Private Client Services LLC acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $1,817,000. Finally, JPMorgan Chase & Co. boosted its position in Jones Lang LaSalle by 39.1% during the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock valued at $53,073,000 after acquiring an additional 55,322 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $276.26 on Friday. The stock has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. The business’s fifty day moving average is $262.63 and its 200 day moving average is $256.64. 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 12-month low of $168.36 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data 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 firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the company earned $2.01 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $309.00.

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.