MGB Wealth Management LLC Buys New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

MGB Wealth Management LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,075 shares of the financial services provider’s stock, valued at approximately $272,000.

A number of other hedge funds also recently bought and sold shares of JLL. Public Employees Retirement System of Ohio increased its position in Jones Lang LaSalle by 42.1% during the third 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 during the period. Boston Trust Walden Corp increased its holdings in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after purchasing an additional 5,663 shares during the period. Dorsey Wright & Associates bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $4,276,000. Diversified Trust Co acquired a new stake in Jones Lang LaSalle during the fourth quarter worth about $567,000. Finally, Private Client Services LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at about $1,817,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on JLL shares. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Raymond James lifted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased 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. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $270.91 on Thursday. The firm has a market cap of $12.85 billion, a PE ratio of 27.39 and a beta of 1.36. The company’s 50-day moving average price is $264.54 and its two-hundred day moving average price is $261.44. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 12 month low of $169.05 and a 12 month high of $288.50.

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.