Trust Point Inc. Acquires 3,052 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Trust Point Inc. increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 352.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,917 shares of the financial services provider’s stock after purchasing an additional 3,052 shares during the period. Trust Point Inc.’s holdings in Jones Lang LaSalle were worth $992,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Boston Trust Walden Corp boosted its holdings in Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after acquiring an additional 5,663 shares during the period. CENTRAL TRUST Co purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $69,000. Greenleaf Trust increased its stake in shares of Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after buying an additional 47 shares during the period. Custom Index Systems LLC raised its holdings in Jones Lang LaSalle by 6.6% during the 4th quarter. Custom Index Systems LLC now owns 4,288 shares of the financial services provider’s stock valued at $1,085,000 after buying an additional 264 shares during the last quarter. Finally, Hunter Associates Investment Management LLC grew its holdings in Jones Lang LaSalle by 18.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 12,859 shares of the financial services provider’s stock worth $3,274,000 after acquiring an additional 1,986 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Up 0.8 %

NYSE JLL opened at $278.90 on Wednesday. The stock’s 50-day moving average price is $264.63 and its 200-day moving average price is $259.93. The company has a market capitalization of $13.23 billion, a P/E ratio of 28.20 and a beta of 1.36. 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 52 week low of $168.36 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping 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 business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the prior year, the business posted $2.01 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on JLL shares. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.