Shelton Wealth Management LLC Purchases 275 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Shelton Wealth Management LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,035 shares of the financial services provider’s stock after acquiring an additional 275 shares during the period. Shelton Wealth Management LLC’s holdings in Jones Lang LaSalle were worth $768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the third quarter worth $34,000. UMB Bank n.a. raised its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Jones Lang LaSalle during the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV raised its holdings in 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 period. Finally, Huntington National Bank raised its stake in shares of Jones Lang LaSalle by 22.9% in the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 38 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $261.62 on Friday. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 26.45 and a beta of 1.36. The firm’s fifty day simple moving average is $262.20 and its 200-day simple moving average is $254.35. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a twelve month low of $168.13 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly 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 analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $2.01 EPS. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. 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 price target for the company. JPMorgan Chase & Co. boosted their target price 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. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, 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. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $301.57.

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.