Hedeker Wealth LLC Has $1.77 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Hedeker Wealth LLC grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,999 shares of the financial services provider’s stock after purchasing an additional 210 shares during the period. Hedeker Wealth LLC’s holdings in Jones Lang LaSalle were worth $1,772,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JLL. FMR LLC increased its holdings in shares of Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. SG Americas Securities LLC grew its stake in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after buying an additional 275,606 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after buying an additional 146,150 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $24,283,000. Finally, Bamco Inc. NY grew its stake in shares of Jones Lang LaSalle by 28.3% in the 3rd quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock valued at $84,912,000 after buying an additional 69,380 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research report on Monday, November 25th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $283.12 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $168.36 and a twelve month high of $288.50. The firm has a market cap of $13.43 billion, a PE ratio of 28.63 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The business has a fifty day moving average of $264.70 and a 200-day moving average of $260.27.

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, beating the consensus estimate 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 return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.01 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current fiscal year.

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.