Johnson Investment Counsel Inc. Raises Stake in Jones Lang LaSalle Incorporated $JLL

Johnson Investment Counsel Inc. grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,912 shares of the financial services provider’s stock after acquiring an additional 136 shares during the period. Johnson Investment Counsel Inc.’s holdings in Jones Lang LaSalle were worth $3,814,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Jones Lang LaSalle during the 1st quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. SVB Wealth LLC purchased a new position in Jones Lang LaSalle during the first quarter valued at approximately $38,000. Western Pacific Wealth Management LP bought a new position in Jones Lang LaSalle in the first quarter worth approximately $41,000. Finally, Brooklyn Investment Group lifted its holdings in Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after buying an additional 189 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a “market perform” rating for the company. The Goldman Sachs Group lifted their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $338.29.

Jones Lang LaSalle Price Performance

JLL stock opened at $282.72 on Monday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $322.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market capitalization of $13.40 billion, a PE ratio of 24.31 and a beta of 1.39. The business has a 50 day simple moving average of $298.64 and a 200-day simple moving average of $258.52.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the prior year, the business posted $2.55 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 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.