Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 47.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,335 shares of the financial services provider’s stock after acquiring an additional 431 shares during the quarter. Empowered Funds LLC’s holdings in Jones Lang LaSalle were worth $338,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Creative Planning boosted its stake in Jones Lang LaSalle by 7.2% during the 3rd quarter. Creative Planning now owns 4,964 shares of the financial services provider’s stock valued at $1,339,000 after acquiring an additional 333 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Jones Lang LaSalle by 172.7% during the third quarter. Blue Trust Inc. now owns 1,197 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 758 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Jones Lang LaSalle by 12.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,301 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 143 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after buying an additional 146,150 shares during the last quarter. Finally, Riverwater Partners LLC raised its stake in Jones Lang LaSalle by 3.1% during the third quarter. Riverwater Partners LLC now owns 5,098 shares of the financial services provider’s stock valued at $1,366,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $271.88 on Friday. The company has a 50-day moving average price of $265.23 and a two-hundred day moving average price of $262.68. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 27.49 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same period last year, the firm earned $4.23 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle Incorporated will post 13.64 EPS for the current year.

Analysts Set New Price Targets

JLL has been the subject of a number of research analyst reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. 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 price objective for the company. Finally, Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Company 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.