Brown Lisle Cummings Inc. Raises Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Brown Lisle Cummings Inc. grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 80.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Brown Lisle Cummings Inc.’s holdings in Jones Lang LaSalle were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its holdings in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after buying an additional 275,606 shares during the period. International Assets Investment Management LLC increased its stake in Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after buying an additional 146,150 shares in the last quarter. Artemis Investment Management LLP raised its holdings in Jones Lang LaSalle by 43.0% during the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after acquiring an additional 99,613 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at about $24,283,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. 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 note on Tuesday, December 10th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

JLL stock opened at $278.90 on Wednesday. The company has a fifty day simple moving average of $264.63 and a two-hundred day simple moving average of $259.93. Jones Lang LaSalle Incorporated has a 52 week low of $168.36 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $13.23 billion, a P/E ratio of 28.20 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the business posted $2.01 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 13.6 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.