Cerity Partners LLC Invests $560,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cerity Partners LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,964 shares of the financial services provider’s stock, valued at approximately $560,000.

A number of other large investors have also recently made changes to their positions in JLL. Morgan Stanley boosted its position in shares of Jones Lang LaSalle by 2.1% during the third quarter. Morgan Stanley now owns 1,673,462 shares of the financial services provider’s stock valued at $236,260,000 after purchasing an additional 35,004 shares in the last quarter. Ariel Investments LLC raised its stake in shares of Jones Lang LaSalle by 3.5% in the third quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock worth $222,259,000 after purchasing an additional 53,883 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Jones Lang LaSalle by 8.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock worth $115,506,000 after purchasing an additional 66,014 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 20.4% in the fourth quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock worth $134,142,000 after purchasing an additional 120,105 shares during the last quarter. Finally, Equity Investment Corp raised its stake in shares of Jones Lang LaSalle by 2.8% in the third quarter. Equity Investment Corp now owns 406,330 shares of the financial services provider’s stock worth $57,366,000 after purchasing an additional 11,158 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $181.86 on Thursday. The stock has a 50-day simple moving average of $186.74 and a two-hundred day simple moving average of $170.27. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market capitalization of $8.64 billion, a PE ratio of 39.03 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.36 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

Jones Lang LaSalle 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.