Cibc World Markets Corp Increases Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cibc World Markets Corp lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,804 shares of the financial services provider’s stock after acquiring an additional 1,261 shares during the period. Cibc World Markets Corp’s holdings in Jones Lang LaSalle were worth $3,494,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. increased its position in Jones Lang LaSalle by 69.2% during the 3rd quarter. Victory Capital Management Inc. now owns 23,213 shares of the financial services provider’s stock worth $6,263,000 after purchasing an additional 9,491 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Jones Lang LaSalle by 29.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,460 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 560 shares in the last quarter. CIBC Asset Management Inc increased its position in Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 47 shares in the last quarter. Pathstone Holdings LLC increased its position in Jones Lang LaSalle by 4.3% during the 3rd quarter. Pathstone Holdings LLC now owns 24,592 shares of the financial services provider’s stock worth $6,635,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Commerce Bank acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $243,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 0.3 %

JLL stock opened at $253.83 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $12.03 billion, a P/E ratio of 22.48 and a beta of 1.36. The firm has a 50 day simple moving average of $266.14 and a 200-day simple moving average of $264.40.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the company earned $4.23 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JLL shares. Raymond James increased their target price on shares of 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. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Finally, StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle 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.