DGS Capital Management LLC Acquires 397 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

DGS Capital Management LLC increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 20.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,344 shares of the financial services provider’s stock after purchasing an additional 397 shares during the period. DGS Capital Management LLC’s holdings in Jones Lang LaSalle were worth $632,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. American Trust bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $208,000. Tidal Investments LLC purchased a new stake in Jones Lang LaSalle during the third quarter valued at approximately $218,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $146,000. Sanctuary Advisors LLC increased its stake in shares of Jones Lang LaSalle by 19.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,809 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 453 shares in the last quarter. Finally, TCW Group Inc. raised its holdings in Jones Lang LaSalle by 10.6% in the 3rd quarter. TCW Group Inc. now owns 293,589 shares of the financial services provider’s stock worth $79,213,000 after purchasing an additional 28,084 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a research note on Tuesday. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $287.71.

Jones Lang LaSalle Price Performance

NYSE JLL traded down $5.06 during trading hours on Friday, reaching $269.57. The company’s stock had a trading volume of 39,907 shares, compared to its average volume of 286,294. 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 Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50. The company’s 50-day moving average is $269.03 and its two-hundred day moving average is $245.13. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 27.76 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.01 EPS. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

About Jones Lang LaSalle

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.