Van ECK Associates Corp Has $655,000 Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Van ECK Associates Corp boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 192.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,111 shares of the financial services provider’s stock after purchasing an additional 2,705 shares during the quarter. Van ECK Associates Corp’s holdings in Jones Lang LaSalle were worth $655,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tobam bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $29,000. Covestor Ltd boosted its position in Jones Lang LaSalle by 61.3% during the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 57 shares during the period. Riverview Trust Co boosted its position in Jones Lang LaSalle by 39.6% during the fourth quarter. Riverview Trust Co now owns 275 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 78 shares during the period. Brown Brothers Harriman & Co. bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $46,000. Finally, Ellevest Inc. boosted its position in Jones Lang LaSalle by 28.9% during the third quarter. Ellevest Inc. now owns 370 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 83 shares during the period. Institutional investors own 93.64% of the company’s stock.

Jones Lang LaSalle Stock Up 0.2 %

Shares of JLL stock opened at $137.11 on Monday. The stock has a market cap of $6.55 billion, a P/E ratio of 13.43 and a beta of 1.28. Jones Lang LaSalle Incorporated has a one year low of $123.00 and a one year high of $202.38. The stock has a fifty day moving average price of $141.07 and a 200 day moving average price of $157.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.62 and a quick ratio of 2.62.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($1.04). Jones Lang LaSalle had a return on equity of 10.30% and a net margin of 2.41%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the company earned $3.47 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Analysts predict that Jones Lang LaSalle Incorporated will post 14.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $218.00 price objective for the company in a research report on Wednesday, March 15th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $214.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Raymond James reduced their price objective on Jones Lang LaSalle from $243.00 to $239.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. The Goldman Sachs Group reduced their price objective on Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating for the company in a research report on Monday, April 10th. Finally, Citigroup reduced their price objective on Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating for the company in a research report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Hold” and a consensus target price of $201.17.

About Jones Lang LaSalle

(Get Rating)

Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.