Shelton Wealth Management LLC Purchases 275 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Shelton Wealth Management LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,035 shares of the financial services provider’s stock after acquiring an additional 275 shares during the period. Shelton Wealth Management LLC’s holdings in Jones Lang LaSalle were worth $768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its position in shares of Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $55,152,000. International Assets Investment Management LLC increased its stake in Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after acquiring an additional 146,150 shares during the period. Artemis Investment Management LLP lifted its position in shares of Jones Lang LaSalle by 43.0% during the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after acquiring an additional 99,613 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at about $24,283,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Up 0.8 %

NYSE JLL opened at $261.62 on Friday. The firm has a market cap of $12.41 billion, a PE ratio of 26.45 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1-year low of $168.13 and a 1-year high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $262.20 and a 200-day moving average of $254.35.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the company posted $2.01 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JLL shares. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $301.57.

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.