LRI Investments LLC Invests $58,000 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 its most recent disclosure with the SEC. The institutional investor acquired 297 shares of the financial services provider’s stock, valued at approximately $58,000.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after acquiring an additional 142,887 shares in the last quarter. SG Americas Securities LLC raised its holdings in Jones Lang LaSalle by 368.4% during the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after buying an additional 16,521 shares during the period. Retirement Systems of Alabama raised its holdings in Jones Lang LaSalle by 25.5% during the 1st quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after buying an additional 18,156 shares during the period. Equity Investment Corp raised its holdings in Jones Lang LaSalle by 2.9% during the 4th quarter. Equity Investment Corp now owns 418,115 shares of the financial services provider’s stock valued at $78,969,000 after buying an additional 11,785 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Jones Lang LaSalle by 112.2% during the 4th quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock valued at $11,470,000 after buying an additional 32,104 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 2.3 %

Shares of JLL traded up $5.73 during midday trading on Friday, reaching $250.83. 539,666 shares of the stock were exchanged, compared to its average volume of 289,712. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $252.09. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $209.84 and its two-hundred day moving average is $193.24. The company has a market capitalization of $11.93 billion, a P/E ratio of 40.33 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.4 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on JLL shares. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $200.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday. UBS Group increased their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Finally, Raymond James increased their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.67.

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.