Brown Lisle Cummings Inc. Purchases 100 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Brown Lisle Cummings Inc. increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 80.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 225 shares of the financial services provider’s stock after purchasing an additional 100 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Jones Lang LaSalle were worth $57,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Jones Lang LaSalle by 27.2% during the second quarter. Creative Planning now owns 4,631 shares of the financial services provider’s stock valued at $951,000 after buying an additional 990 shares during the last quarter. Truist Financial Corp increased its stake in Jones Lang LaSalle by 58.9% in the second quarter. Truist Financial Corp now owns 4,482 shares of the financial services provider’s stock worth $920,000 after purchasing an additional 1,661 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the second quarter valued at $484,000. SG Americas Securities LLC grew its holdings in shares of Jones Lang LaSalle by 37.1% in the third quarter. SG Americas Securities LLC now owns 3,459 shares of the financial services provider’s stock worth $933,000 after purchasing an additional 936 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Jones Lang LaSalle by 36.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,618 shares of the financial services provider’s stock valued at $3,135,000 after buying an additional 3,100 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $278.90 on Wednesday. The stock’s 50-day moving average is $264.63 and its 200 day moving average is $259.93. Jones Lang LaSalle Incorporated has a 1-year low of $168.36 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $13.23 billion, a P/E ratio of 28.20 and a beta of 1.36.

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 for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $2.01 EPS. Research analysts predict that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. Finally, 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 target price on the stock. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $309.00.

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.