Oppenheimer & Co. Inc. Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Oppenheimer & Co. Inc. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 29.5% during the third quarter, Holdings Channel.com reports. The firm owned 2,460 shares of the financial services provider’s stock after purchasing an additional 560 shares during the period. Oppenheimer & Co. Inc.’s holdings in Jones Lang LaSalle were worth $664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. UMB Bank n.a. boosted its holdings 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 worth $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV grew 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 last quarter. Finally, Mather Group LLC. increased its position in Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Raymond James boosted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $255.20.

Jones Lang LaSalle Stock Down 0.7 %

NYSE:JLL opened at $256.62 on Thursday. The business’s fifty day moving average price is $264.95 and its 200 day moving average price is $236.77. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 25.95 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1-year low of $152.62 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the company earned $2.01 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.

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.