BTIM Corp. boosted its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 2.4% during the 1st quarter, HoldingsChannel reports. The fund owned 115,785 shares of the financial services provider’s stock after acquiring an additional 2,704 shares during the quarter. BTIM Corp.’s holdings in Jones Lang LaSalle were worth $17,852,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JOYN Advisors Inc. lifted its position in Jones Lang LaSalle by 1,328.6% in the 4th quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 186 shares in the last quarter. Ropes Wealth Advisors LLC bought a new stake in Jones Lang LaSalle in the 1st quarter valued at $35,000. Oregon Public Employees Retirement Fund lifted its position in Jones Lang LaSalle by 15,162.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 6,303,240 shares in the last quarter. First Mercantile Trust Co. lifted its position in Jones Lang LaSalle by 46.4% in the 4th quarter. First Mercantile Trust Co. now owns 410 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 130 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Jones Lang LaSalle by 465.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 894 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 736 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of JLL stock opened at $152.07 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.18. Jones Lang LaSalle Inc has a 1 year low of $119.79 and a 1 year high of $177.02. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.68.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $5.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $1.25. Jones Lang LaSalle had a net margin of 2.97% and a return on equity of 15.80%. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $4.92 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Inc will post 11.63 EPS for the current year.
Several equities research analysts recently commented on the stock. Barclays reaffirmed a “buy” rating and issued a $181.00 price objective on shares of Jones Lang LaSalle in a research report on Tuesday. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Raymond James boosted their price objective on shares of Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Jones Lang LaSalle has an average rating of “Hold” and an average price target of $170.50.
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About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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