Wilmington Savings Fund Society FSB Buys New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, HoldingsChannel reports. The firm acquired 541 shares of the financial services provider’s stock, valued at approximately $146,000.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank grew its stake in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after buying an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. CIBC Asset Management Inc raised its position in Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the period. Parallel Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 49 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in shares of Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 54 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 3.3 %

Shares of NYSE JLL opened at $246.93 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $167.11 and a 52-week high of $288.50. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 24.97 and a beta of 1.34. The stock has a 50 day moving average price of $269.27 and a 200 day moving average price of $247.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

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

Analysts Set New Price Targets

JLL has been the topic of several recent research reports. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $301.57.

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.