Cerity Partners LLC Has $548,000 Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cerity Partners LLC raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,031 shares of the financial services provider’s stock after acquiring 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.

Other hedge funds also recently modified their holdings of the company. Leelyn Smith LLC bought a new position in Jones Lang LaSalle during the 3rd quarter valued at about $229,000. Intech Investment Management LLC increased its stake in shares of Jones Lang LaSalle by 142.6% in the 3rd quarter. Intech Investment Management LLC now owns 28,607 shares of the financial services provider’s stock valued at $7,718,000 after acquiring an additional 16,817 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 worth $2,869,000 after purchasing an additional 2,430 shares in the last quarter. Commerce Bank bought a new stake in shares of Jones Lang LaSalle in the third quarter worth about $243,000. Finally, Meeder Asset Management Inc. lifted its stake 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 valued at $1,632,000 after buying an additional 6,019 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JLL. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday. They issued a “buy” rating and a $352.00 price target on the stock. 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 research report on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. One equities research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $283.00.

Jones Lang LaSalle Trading Up 1.4 %

Shares of JLL opened at $277.37 on Friday. The firm has a market cap of $13.16 billion, a P/E ratio of 28.05 and a beta of 1.34. 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 business has a 50-day moving average of $268.56 and a 200 day moving average of $243.35. Jones Lang LaSalle Incorporated has a fifty-two week low of $162.93 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share 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 firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter last year, the firm posted $2.01 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, research analysts forecast 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.