Diversified Trust Co Acquires New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Diversified Trust Co bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, Holdings Channel.com reports. The fund bought 2,240 shares of the financial services provider’s stock, valued at approximately $567,000.

Other hedge funds have also modified their holdings of the company. Huntington National Bank grew its holdings in Jones Lang LaSalle by 22.9% during 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 period. Massmutual Trust Co. FSB ADV boosted its position in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 47 shares during the period. Parallel Advisors LLC increased its holdings in shares of Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 49 shares in the last quarter. Finally, First Bank & Trust lifted its stake in shares of Jones Lang LaSalle by 2.5% in the third 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. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of research analyst reports. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. 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 report on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. 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 price target for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a report 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $301.57.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $238.23 on Friday. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 24.09 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $264.53 and its two-hundred day moving average is $252.45.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company earned $2.01 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current 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.