EntryPoint Capital LLC Acquires Shares of 823 Jones Lang LaSalle Incorporated (NYSE:JLL)

EntryPoint Capital LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 823 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other large investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after purchasing an additional 5,663 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Jones Lang LaSalle in the third quarter worth about $4,276,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after buying an additional 110 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth approximately $413,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on JLL shares. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James boosted 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. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Trading Down 2.0 %

JLL opened at $245.52 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 21.75 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The stock has a fifty day moving average price of $266.72 and a 200-day moving average price of $264.62.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 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 during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the company posted $4.23 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.