3,033 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,033 shares of the financial services provider’s stock, valued at approximately $768,000.

Other large investors also recently modified their holdings of the company. FMR LLC grew its holdings in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. State Street Corp grew its stake in shares of Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after acquiring an additional 6,304 shares during the period. Wellington Management Group LLP increased its holdings in Jones Lang LaSalle by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after acquiring an additional 53,066 shares during the last quarter. Geode Capital Management LLC raised its stake in Jones Lang LaSalle by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock valued at $241,165,000 after acquiring an additional 3,109 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in Jones Lang LaSalle by 18.9% during the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after purchasing an additional 62,700 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 1.3 %

JLL stock opened at $251.19 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $267.05 and its 200 day moving average is $264.59.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.23 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JLL shares. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Raymond James boosted 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 report on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Finally, The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. 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, the company 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.