Brooklyn Investment Group Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 127 shares of the financial services provider’s stock, valued at approximately $34,000.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after acquiring an additional 9,381 shares in the last quarter. BDF Gestion bought a new position in Jones Lang LaSalle during the second quarter worth about $3,550,000. Wealth Enhancement Advisory Services LLC grew its holdings in Jones Lang LaSalle by 782.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after purchasing an additional 8,080 shares during the period. Comerica Bank grew its holdings in Jones Lang LaSalle by 24.5% during the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 5,255 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Jones Lang LaSalle during the third quarter worth about $1,689,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.6 %

Shares of JLL stock opened at $280.64 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 12-month low of $154.43 and a 12-month high of $288.50. The firm has a 50 day moving average price of $267.33 and a two-hundred day moving average price of $239.92. The company has a market capitalization of $13.31 billion, a PE ratio of 28.54 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the business earned $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Wall Street Analyst Weigh In

JLL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average target price of $271.50.

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.