Channing Capital Management LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Channing Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,181 shares of the financial services provider’s stock, valued at approximately $6,627,000. Channing Capital Management LLC owned approximately 0.06% of Jones Lang LaSalle as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of JLL. Janney Montgomery Scott LLC lifted its holdings in shares of Jones Lang LaSalle by 17.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 1,179 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Jones Lang LaSalle in the third quarter worth about $1,322,000. Atria Investments Inc grew its holdings in Jones Lang LaSalle by 64.5% during the 3rd quarter. Atria Investments Inc now owns 5,423 shares of the financial services provider’s stock worth $1,463,000 after acquiring an additional 2,126 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Jones Lang LaSalle by 30.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 24,579 shares of the financial services provider’s stock valued at $6,632,000 after purchasing an additional 5,683 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Jones Lang LaSalle by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,239 shares of the financial services provider’s stock worth $4,381,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $241.11 on Tuesday. The company has a 50 day moving average price of $266.42 and a 200 day moving average price of $264.81. The firm has a market capitalization of $11.43 billion, a P/E ratio of 21.36 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter last year, the company posted $4.23 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JLL. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. Wolfe Research raised shares of 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, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently 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.