AlphaCore Capital LLC Acquires New Holdings in Jones Lang LaSalle Incorporated $JLL

AlphaCore Capital LLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 616 shares of the financial services provider’s stock, valued at approximately $158,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in Jones Lang LaSalle by 6.0% during the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after buying an additional 51 shares during the last quarter. CWC Advisors LLC. lifted its holdings in Jones Lang LaSalle by 2.9% in the 2nd quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 61 shares during the last quarter. Whittier Trust Co. boosted its position in Jones Lang LaSalle by 40.9% during the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 63 shares during the period. Mackenzie Financial Corp grew its holdings in Jones Lang LaSalle by 4.2% during the first quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 65 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Jones Lang LaSalle by 0.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,889 shares of the financial services provider’s stock valued at $2,274,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL stock opened at $330.60 on Wednesday. The company has a 50 day moving average price of $302.82 and a 200 day moving average price of $276.92. 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 stock has a market capitalization of $15.60 billion, a PE ratio of 28.43 and a beta of 1.46. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $331.74.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same period in the prior year, the company posted $3.50 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus price target of $335.83.

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.