Hunter Associates Investment Management LLC Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Hunter Associates Investment Management LLC increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,859 shares of the financial services provider’s stock after buying an additional 1,986 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Jones Lang LaSalle were worth $3,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JLL. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle in the third quarter worth approximately $34,000. R Squared Ltd purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $35,000. UMB Bank n.a. raised its stake in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle during the third quarter worth about $37,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $283.25 on Friday. Jones Lang LaSalle Incorporated has a one year low of $168.36 and a one year high of $288.50. The company has a 50-day moving average of $264.44 and a two-hundred day moving average of $258.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 28.64 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the business earned $2.01 EPS. The company’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective 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. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group initiated 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 target for the company. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average 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.