Gateway Investment Advisers LLC Invests $435,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Gateway Investment Advisers LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,230 shares of the financial services provider’s stock, valued at approximately $435,000.

Several other large investors also recently modified their holdings of JLL. Rise Advisors LLC bought a new position in Jones Lang LaSalle during the first quarter worth $30,000. Bruce G. Allen Investments LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $47,000. GAMMA Investing LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $71,000. Savant Capital LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $203,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $213,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

JLL opened at $201.47 on Thursday. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 32.39 and a beta of 1.40. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $195.94 and a 200-day moving average price of $187.38. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $213.33.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Incorporated will post 12.36 EPS for the current year.

Analyst Ratings Changes

JLL has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price for the company. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, June 21st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.67.

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.