Rise Advisors LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Rise Advisors LLC purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 154 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Bruce G. Allen Investments LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth approximately $47,000. GAMMA Investing LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $71,000. Savant Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $203,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $213,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $215,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $209.85 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $213.33. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 33.74 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The stock’s 50-day simple moving average is $193.63 and its 200-day simple moving average is $186.07.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several recent research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price for the company. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Jones Lang LaSalle Company 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.