Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 77.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,300 shares of the financial services provider’s stock after purchasing an additional 1,875 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Jones Lang LaSalle were worth $1,160,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in shares of Jones Lang LaSalle by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after buying an additional 96 shares during the period. Empowered Funds LLC acquired a new position in Jones Lang LaSalle during the 1st quarter worth $202,000. SG Americas Securities LLC increased 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 worth $4,098,000 after purchasing an additional 16,521 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at about $203,000. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Jones Lang LaSalle in the 1st quarter valued at about $848,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $269.06 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $136.83 and a 12 month high of $288.50. The firm has a market capitalization of $12.77 billion, a P/E ratio of 27.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.58. The company’s fifty day moving average price is $262.99 and its 200 day moving average price is $232.24.

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, 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 firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the business posted $2.01 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 12.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on JLL shares. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Finally, Raymond James raised their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $246.80.

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.