Equitable Trust Co. Buys 84 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Equitable Trust Co. raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.8% during the third quarter, HoldingsChannel.com reports. The firm owned 4,856 shares of the financial services provider’s stock after acquiring an additional 84 shares during the quarter. Equitable Trust Co.’s holdings in Jones Lang LaSalle were worth $1,310,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Portside Wealth Group LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $212,000. Concurrent Investment Advisors LLC lifted its position in Jones Lang LaSalle by 69.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 28,737 shares of the financial services provider’s stock valued at $7,754,000 after purchasing an additional 11,819 shares during the period. Hanlon Investment Management Inc. acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $490,000. TKG Advisors LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $5,012,000. Finally, Asset Management One Co. Ltd. acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $1,322,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $269.06 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.58 and a current ratio of 2.29. The company has a market capitalization of $12.77 billion, a P/E ratio of 27.21 and a beta of 1.37. The company’s 50 day moving average price is $262.99 and its two-hundred day moving average price is $232.24. Jones Lang LaSalle Incorporated has a 52 week low of $136.83 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’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. On average, analysts expect that Jones Lang LaSalle Incorporated will post 12.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on JLL shares. Raymond James increased their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their price target on shares of 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. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $246.80.

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.