Inceptionr LLC Acquires Shares of 3,103 Jones Lang LaSalle Incorporated (NYSE:JLL)

Inceptionr LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,103 shares of the financial services provider’s stock, valued at approximately $785,000.

Several other large investors also recently modified their holdings of the stock. Huntington National Bank grew its holdings in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 38 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in shares of Jones Lang LaSalle by 3.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 40 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 47 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 47 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $49,000 after purchasing an additional 51 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on JLL shares. 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 report on Monday, December 16th. Raymond James lifted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $250.29 on Friday. The stock’s 50-day simple moving average is $266.68 and its 200 day simple moving average is $264.57. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 22.17 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. 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 announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm 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 earned $4.23 EPS. The company’s revenue was up 15.8% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.