Van ECK Associates Corp Invests $1.72 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Van ECK Associates Corp bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 9,126 shares of the financial services provider’s stock, valued at approximately $1,724,000.

Several other institutional investors have also added to or reduced their stakes in JLL. Morgan Stanley boosted its holdings in Jones Lang LaSalle by 2.1% during the 3rd quarter. Morgan Stanley now owns 1,673,462 shares of the financial services provider’s stock valued at $236,260,000 after acquiring an additional 35,004 shares during the period. Ariel Investments LLC increased 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 buying an additional 53,883 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Jones Lang LaSalle by 8.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock valued at $115,506,000 after buying an additional 66,014 shares during the last quarter. Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 20.4% during the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock valued at $134,142,000 after buying an additional 120,105 shares during the period. Finally, Equity Investment Corp grew its holdings in Jones Lang LaSalle by 2.8% in the 3rd quarter. Equity Investment Corp now owns 406,330 shares of the financial services provider’s stock worth $57,366,000 after acquiring an additional 11,158 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Jefferies Financial Group began coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price for the company. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Finally, TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

Jones Lang LaSalle Stock Up 0.4 %

Shares of Jones Lang LaSalle stock opened at $191.09 on Thursday. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.73. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 41.01 and a beta of 1.43. The company has a 50-day moving average of $186.65 and a 200 day moving average of $174.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

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