Everence Capital Management Inc. Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Everence Capital Management Inc. bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,210 shares of the financial services provider’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JLL. Public Employees Retirement System of Ohio grew its holdings 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 worth $9,276,000 after acquiring an additional 10,186 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $4,276,000. JPMorgan Chase & Co. increased its holdings 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 buying an additional 55,322 shares during the period. Lord Abbett & CO. LLC bought a new position in Jones Lang LaSalle in the third quarter worth approximately $24,283,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 buying an additional 2,430 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JLL shares. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Stock Down 2.7 %

Shares of JLL stock opened at $249.42 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a fifty-two week low of $167.11 and a fifty-two week high of $288.50. The firm has a market capitalization of $11.83 billion, a PE ratio of 25.22 and a beta of 1.36. The stock’s 50-day simple moving average is $265.55 and its 200-day simple moving average is $252.52.

Jones Lang LaSalle (NYSE:JLL) last announced 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. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.01 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current 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.