Riverwater Partners LLC Grows Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Riverwater Partners LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,098 shares of the financial services provider’s stock after acquiring an additional 152 shares during the quarter. Riverwater Partners LLC’s holdings in Jones Lang LaSalle were worth $1,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in shares of Jones Lang LaSalle by 167,988.5% during 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. Sequoia Financial Advisors LLC lifted its position in Jones Lang LaSalle by 12.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,301 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 143 shares during the period. New Century Financial Group LLC acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth about $311,000. Resonant Capital Advisors LLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at about $249,000. Finally, Blue Trust Inc. raised its stake in shares of Jones Lang LaSalle by 172.7% in the third quarter. Blue Trust Inc. now owns 1,197 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 758 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JLL. Raymond James increased their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. UBS Group boosted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $260.91 on Thursday. The company has a market capitalization of $12.41 billion, a P/E ratio of 41.95 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $273.82. The business’s 50 day moving average is $258.14 and its two-hundred day moving average is $224.74. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $0.50 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

About Jones Lang LaSalle

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.