NBC Securities Inc. Invests $125,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

NBC Securities Inc. acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 508 shares of the financial services provider’s stock, valued at approximately $125,000.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. lifted its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $413,000. New Age Alpha Advisors LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth $7,099,000. Sanctuary Advisors LLC raised its position in Jones Lang LaSalle by 7.2% during the fourth quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 201 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Jones Lang LaSalle by 24.5% during the fourth quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider’s stock worth $1,904,000 after acquiring an additional 1,479 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JLL. UBS Group dropped their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $305.00.

Jones Lang LaSalle Trading Up 0.4%

JLL stock opened at $230.91 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The company’s 50-day simple moving average is $223.18 and its 200 day simple moving average is $249.80. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50. The company has a market capitalization of $10.96 billion, a PE ratio of 20.45 and a beta of 1.31.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.