Chartwell Investment Partners LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,550 shares of the financial services provider’s stock, valued at approximately $1,808,000.
Other large investors have also recently made changes to their positions in the company. Covestor Ltd purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $25,000. Sageworth Trust Co of South Dakota purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $32,000. Ellevest Inc. raised its stake in Jones Lang LaSalle by 1,255.6% during the first quarter. Ellevest Inc. now owns 122 shares of the financial services provider’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. National Bank of Canada FI purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $43,000. Finally, Chilton Capital Management LLC purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $47,000. 95.21% of the shares are currently owned by institutional investors and hedge funds.
JLL has been the subject of a number of recent research reports. Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Tuesday, April 5th. They issued a “sell” rating and a $217.00 target price on the stock. Raymond James reduced their price objective on Jones Lang LaSalle from $329.00 to $295.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 26th. Finally, StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.33, based on data from MarketBeat.com.
Shares of Jones Lang LaSalle stock opened at $174.44 on Monday. Jones Lang LaSalle Incorporated has a fifty-two week low of $154.63 and a fifty-two week high of $275.77. The firm has a market cap of $8.52 billion, a PE ratio of 8.99, a P/E/G ratio of 0.98 and a beta of 1.28. The business’s fifty day moving average is $185.48 and the two hundred day moving average is $221.64. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.28.
Jones Lang LaSalle (NYSE:JLL – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The financial services provider reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $1.42. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $2.68 billion. Jones Lang LaSalle had a return on equity of 17.51% and a net margin of 4.99%. The business’s revenue for the quarter was up 18.9% year-over-year. During the same period in the previous year, the firm reported $2.10 EPS. equities research analysts expect that Jones Lang LaSalle Incorporated will post 19.31 EPS for the current year.
Jones Lang LaSalle Profile (Get Rating)
Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in the Americas, Europe, Middle East, Africa and Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, mergers and acquisitions, corporate advisory and investment sales and advisory services.
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