denkapparat Operations GmbH Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

denkapparat Operations GmbH bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,416 shares of the financial services provider’s stock, valued at approximately $358,000.

Several other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA increased its position in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $34,000. R Squared Ltd bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on JLL. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Raymond James lifted 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. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $292.00 to $325.00 in a research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Trading Down 1.3 %

Shares of NYSE:JLL opened at $251.19 on Friday. The stock has a market capitalization of $11.90 billion, a PE ratio of 22.25 and a beta of 1.36. The company’s 50-day moving average price is $267.05 and its two-hundred day moving average price is $264.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued 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 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 the consensus estimate of $6.65 billion. During the same period last year, the business posted $4.23 EPS. Jones Lang LaSalle’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.