Cerity Partners LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cerity Partners LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,964 shares of the financial services provider’s stock, valued at approximately $560,000.

A number of other hedge funds have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D increased its holdings in shares of Jones Lang LaSalle by 10.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 26,900 shares of the financial services provider’s stock valued at $3,798,000 after acquiring an additional 2,441 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Jones Lang LaSalle by 11.4% during the third quarter. Bamco Inc. NY now owns 238,655 shares of the financial services provider’s stock valued at $33,693,000 after acquiring an additional 24,487 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $5,148,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $2,118,000. Finally, Mirabella Financial Services LLP bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $499,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 0.3 %

JLL stock opened at $181.86 on Thursday. The stock’s fifty day simple moving average is $186.74 and its two-hundred day simple moving average is $170.27. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $200.14. The stock has a market cap of $8.64 billion, a P/E ratio of 39.03 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.53. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the previous year, the firm earned $4.36 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JLL shares. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.00.

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.