LRI Investments LLC Makes New $58,000 Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

LRI Investments LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 297 shares of the financial services provider’s stock, valued at approximately $58,000.

Several other institutional investors have also recently bought and sold shares of JLL. Norges Bank acquired a new position in Jones Lang LaSalle during the fourth quarter worth $97,222,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after purchasing an additional 270,404 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Jones Lang LaSalle by 3,097.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after purchasing an additional 187,196 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at about $32,639,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after purchasing an additional 142,887 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price for the company. UBS Group increased their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Raymond James increased their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $200.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $233.67.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $5.73 during trading hours on Friday, reaching $250.83. The stock had a trading volume of 539,666 shares, compared to its average volume of 289,712. The stock’s fifty day simple moving average is $209.84 and its 200 day simple moving average is $193.24. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $252.09. The firm has a market capitalization of $11.93 billion, a PE ratio of 40.33 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. Jones Lang LaSalle’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 12.4 EPS for the current 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.