Trust Point Inc. Takes $233,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Trust Point Inc. acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 865 shares of the financial services provider’s stock, valued at approximately $233,000.

Several other hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV boosted its stake in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares during the period. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the second quarter valued at about $34,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $35,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. UBS Group boosted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Finally, Raymond James increased their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $266.26 on Friday. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $273.82. The stock has a market capitalization of $12.66 billion, a PE ratio of 42.81 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The stock has a 50-day simple moving average of $256.79 and a 200-day simple moving average of $223.35.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

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.