Oliver Luxxe Assets LLC Invests $6.26 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Oliver Luxxe Assets LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,206 shares of the financial services provider’s stock, valued at approximately $6,261,000. Jones Lang LaSalle accounts for approximately 1.1% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Polianta Ltd acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $1,160,000. Burns Matteson Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $234,000. Ritholtz Wealth Management acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $568,000. First Affirmative Financial Network purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $211,000. Finally, Pine Haven Investment Counsel Inc purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $252,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Raymond James increased their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. UBS Group increased their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Up 3.2 %

Shares of JLL opened at $264.66 on Monday. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $273.82. The company has a market capitalization of $12.59 billion, a PE ratio of 42.55 and a beta of 1.37. The stock has a fifty day simple moving average of $253.55 and a two-hundred day simple moving average of $220.94. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current 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.