Crossmark Global Holdings Inc. Purchases 5,683 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Crossmark Global Holdings Inc. boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 30.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 24,579 shares of the financial services provider’s stock after buying an additional 5,683 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jones Lang LaSalle were worth $6,632,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of Jones Lang LaSalle by 368.4% in the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after acquiring an additional 16,521 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Jones Lang LaSalle by 433.3% during the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 9,381 shares during the last quarter. BDF Gestion acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at $3,550,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Jones Lang LaSalle by 782.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock valued at $1,871,000 after buying an additional 8,080 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Jones Lang LaSalle during the 1st quarter worth about $710,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $269.06 on Monday. The firm’s 50 day moving average price is $262.99 and its two-hundred day moving average price is $232.59. The stock has a market cap of $12.76 billion, a PE ratio of 27.21 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 52-week low of $136.83 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.58 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the firm earned $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $246.80.

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.