New Wave Wealth Advisors LLC Trims Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

New Wave Wealth Advisors LLC trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 887 shares of the financial services provider’s stock after selling 67 shares during the period. New Wave Wealth Advisors LLC’s holdings in Jones Lang LaSalle were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hunter Associates Investment Management LLC grew its stake in Jones Lang LaSalle by 18.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 12,859 shares of the financial services provider’s stock worth $3,274,000 after purchasing an additional 1,986 shares during the period. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the fourth quarter worth $35,000. Pacer Advisors Inc. grew its stake in Jones Lang LaSalle by 26.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,818 shares of the financial services provider’s stock worth $2,232,000 after purchasing an additional 1,866 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Jones Lang LaSalle in the fourth quarter worth $5,139,000. Finally, Blue Trust Inc. grew its stake in Jones Lang LaSalle by 27.5% in the fourth quarter. Blue Trust Inc. now owns 1,526 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 329 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 1.5 %

JLL stock opened at $283.25 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $168.36 and a fifty-two week high of $288.50. The business’s 50-day moving average is $264.44 and its two-hundred day moving average is $258.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 28.64 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. Jones Lang LaSalle’s revenue was up 14.8% on a year-over-year basis. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $309.00.

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.