LPL Financial LLC Has $3.11 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

LPL Financial LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 55.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,285 shares of the financial services provider’s stock after acquiring an additional 4,371 shares during the quarter. LPL Financial LLC’s holdings in Jones Lang LaSalle were worth $3,110,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JLL. Private Trust Co. NA increased its holdings in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth $35,000. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 72 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JLL. JPMorgan Chase & Co. reduced their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. UBS Group lowered their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday. Finally, Raymond James boosted 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 research note on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $323.33.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $210.83 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a market cap of $9.99 billion, a P/E ratio of 18.67 and a beta of 1.22. The business’s 50 day moving average is $254.37 and its two-hundred day moving average is $261.71. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results 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. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.23 earnings per share. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.