Van ECK Associates Corp Buys Shares of 9,126 Jones Lang LaSalle Incorporated (NYSE:JLL)

Van ECK Associates Corp bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,126 shares of the financial services provider’s stock, valued at approximately $1,724,000.

A number of other large investors also recently added to or reduced their stakes in JLL. Tributary Capital Management LLC raised its position in shares of Jones Lang LaSalle by 1.9% in the 4th quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 83 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Jones Lang LaSalle by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 20,816 shares of the financial services provider’s stock valued at $2,939,000 after acquiring an additional 110 shares during the period. Mackenzie Financial Corp raised its position in shares of Jones Lang LaSalle by 9.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 159 shares during the period. Paralel Advisors LLC raised its position in shares of Jones Lang LaSalle by 1.3% in the 3rd quarter. Paralel Advisors LLC now owns 13,158 shares of the financial services provider’s stock valued at $1,858,000 after acquiring an additional 164 shares during the period. Finally, Highland Capital Management LLC raised its position in shares of Jones Lang LaSalle by 0.8% in the 4th quarter. Highland Capital Management LLC now owns 23,440 shares of the financial services provider’s stock valued at $4,427,000 after acquiring an additional 190 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the topic of a number of analyst reports. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Finally, Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $214.00.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $191.09 on Thursday. The stock has a market capitalization of $9.08 billion, a P/E ratio of 41.01 and a beta of 1.43. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $200.73. The company has a 50 day moving average of $186.65 and a 200-day moving average of $174.00. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the business earned $0.65 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 EPS 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.