Savant Capital LLC Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Savant Capital LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,077 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $1,724,000. GAMMA Investing LLC acquired a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $71,000. Linden Thomas Advisory Services LLC raised its holdings in Jones Lang LaSalle by 18.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,173 shares of the financial services provider’s stock worth $977,000 after purchasing an additional 819 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Jones Lang LaSalle by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 353,819 shares of the financial services provider’s stock worth $66,826,000 after buying an additional 1,661 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Jones Lang LaSalle by 8.1% in the 4th quarter. Handelsbanken Fonder AB now owns 8,018 shares of the financial services provider’s stock valued at $1,514,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Stock Down 0.4 %

JLL stock opened at $190.39 on Wednesday. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $200.73. 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 company has a fifty day moving average of $186.54 and a 200-day moving average of $173.88. The stock has a market capitalization of $9.04 billion, a PE ratio of 40.86 and a beta of 1.43.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

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.