Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,026 shares of the financial services provider’s stock after buying an additional 1,602 shares during the quarter. Tributary Capital Management LLC’s holdings in Jones Lang LaSalle were worth $1,272,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. lifted its position 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 worth $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $37,000. Massmutual Trust Co. FSB ADV grew its position in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.9 %

Shares of NYSE:JLL opened at $276.26 on Friday. The company has a 50 day moving average of $262.63 and a 200-day moving average of $256.64. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle Incorporated has a twelve month low of $168.36 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $2.01 EPS. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 13.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JLL shares. Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $309.00.

About Jones Lang LaSalle

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.