Portside Wealth Group LLC Makes New $212,000 Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Portside Wealth Group LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 784 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JLL. Concurrent Investment Advisors LLC raised its position in Jones Lang LaSalle by 69.9% in the third quarter. Concurrent Investment Advisors LLC now owns 28,737 shares of the financial services provider’s stock valued at $7,754,000 after purchasing an additional 11,819 shares during the last quarter. Hanlon Investment Management Inc. acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $490,000. TKG Advisors LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $5,012,000. Asset Management One Co. Ltd. acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $1,322,000. Finally, QRG Capital Management Inc. increased its position in Jones Lang LaSalle by 2.4% in the 3rd quarter. QRG Capital Management Inc. now owns 5,710 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 133 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on JLL. Raymond James lifted 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. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $269.06 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.58 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $262.99 and its two-hundred day simple moving average is $232.24. Jones Lang LaSalle Incorporated has a 12 month low of $136.83 and a 12 month high of $288.50. The stock has a market capitalization of $12.77 billion, a P/E ratio of 27.21 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.01 EPS. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 12.65 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.