Abacus Planning Group Inc. Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Abacus Planning Group Inc. boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,785 shares of the financial services provider’s stock after acquiring an additional 165 shares during the quarter. Abacus Planning Group Inc.’s holdings in Jones Lang LaSalle were worth $705,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at $34,000. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $35,000. Principal Securities Inc. lifted its holdings in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.9 %

Shares of NYSE:JLL opened at $279.36 on Thursday. The business’s 50-day moving average is $265.28 and its 200 day moving average is $262.62. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The firm has a market capitalization of $13.25 billion, a P/E ratio of 28.25 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the prior year, the company posted $4.23 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 13.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.