Corient Private Wealth LLC Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Corient Private Wealth LLC increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.8% in the fourth quarter, HoldingsChannel reports. The firm owned 35,349 shares of the financial services provider’s stock after purchasing an additional 3,459 shares during the quarter. Corient Private Wealth LLC’s holdings in Jones Lang LaSalle were worth $8,946,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Jones Lang LaSalle by 69.2% during the third quarter. Victory Capital Management Inc. now owns 23,213 shares of the financial services provider’s stock valued at $6,263,000 after buying an additional 9,491 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Jones Lang LaSalle by 29.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,460 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 560 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 47 shares in the last quarter. Pathstone Holdings LLC grew its position in Jones Lang LaSalle by 4.3% during the 3rd quarter. Pathstone Holdings LLC now owns 24,592 shares of the financial services provider’s stock valued at $6,635,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Commerce Bank bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at about $243,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.3 %

Shares of JLL stock opened at $253.83 on Friday. The stock has a fifty day simple moving average of $266.14 and a two-hundred day simple moving average of $264.40. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The firm has a market capitalization of $12.03 billion, a PE ratio of 22.48 and a beta of 1.36. 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 issued its earnings results 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. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.23 earnings per share. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several analyst reports. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Raymond James upped their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. 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 objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, 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. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $309.00.

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.