Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Hedeker Wealth LLC

Hedeker Wealth LLC grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,999 shares of the financial services provider’s stock after acquiring an additional 210 shares during the quarter. Hedeker Wealth LLC’s holdings in Jones Lang LaSalle were worth $1,772,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JLL. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at $34,000. R Squared Ltd acquired a new stake in Jones Lang LaSalle in the fourth quarter worth about $35,000. UMB Bank n.a. lifted its holdings in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle in the third quarter worth about $37,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $283.12 on Friday. The stock’s 50-day moving average price is $264.70 and its two-hundred day moving average price is $260.27. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $13.43 billion, a PE ratio of 28.63 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $168.36 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.01 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current year.

Analysts Set New Price Targets

JLL has been the subject of several research analyst reports. Raymond James upped their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target 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. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $309.00.

About Jones Lang LaSalle

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.