16,432 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,432 shares of the financial services provider’s stock, valued at approximately $3,104,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Strategic Investment Solutions Inc. IL purchased a new stake in Jones Lang LaSalle during the first quarter valued at about $29,000. Exchange Traded Concepts LLC grew its position in shares of Jones Lang LaSalle by 78.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after buying an additional 96 shares during the last quarter. Covestor Ltd lifted its stake in Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 57 shares during the period. Belpointe Asset Management LLC increased its position in Jones Lang LaSalle by 126.0% during the 1st quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 155 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Jones Lang LaSalle in the 1st quarter worth $46,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Down 0.3 %

NYSE JLL opened at $173.57 on Thursday. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $200.14. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $186.66 and its 200-day moving average price is $168.82. The stock has a market cap of $8.24 billion, a P/E ratio of 37.25 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 EPS for the quarter, beating the consensus estimate of $3.70 by $0.53. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. Jones Lang LaSalle’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.36 EPS. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of several research analyst reports. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $206.00.

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.