Legacy Capital Group California Inc. Purchases New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Legacy Capital Group California Inc. acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, HoldingsChannel reports. The firm acquired 940 shares of the financial services provider’s stock, valued at approximately $238,000.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC raised its holdings in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares in the last quarter. SG Americas Securities LLC raised its stake in Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after buying an additional 275,606 shares in the last quarter. International Assets Investment Management LLC lifted 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 worth $39,456,000 after buying an additional 146,150 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after acquiring an additional 114,168 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $24,283,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. 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. 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 report on Tuesday, December 10th. Wolfe Research upgraded shares of 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 note on Monday, November 25th. Raymond James upped their price objective 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. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Down 4.1 %

NYSE:JLL opened at $261.16 on Friday. The firm has a 50-day simple moving average of $265.07 and a two-hundred day simple moving average of $262.88. The firm has a market cap of $12.39 billion, a P/E ratio of 23.13 and a beta of 1.36. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

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

Jones Lang LaSalle 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.