Cwm LLC Has $431,000 Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cwm LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,597 shares of the financial services provider’s stock after purchasing an additional 62 shares during the quarter. Cwm LLC’s holdings in Jones Lang LaSalle were worth $431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gateway Investment Advisers LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at about $435,000. Riverview Trust Co acquired a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $38,000. Atlas Capital Advisors LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter valued at $35,000. DGS Capital Management LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at $341,000. Finally, Artemis Investment Management LLP bought a new stake in shares of Jones Lang LaSalle during the first quarter worth $32,639,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. 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. Keefe, Bruyette & Woods raised 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 report on Thursday, August 8th. Finally, Raymond James upped their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $266.26 on Monday. The firm’s 50 day moving average price is $256.79 and its two-hundred day moving average price is $223.35. The stock has a market cap of $12.66 billion, a PE ratio of 42.81 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $273.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current year.

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.