Everence Capital Management Inc. Purchases New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Everence Capital Management Inc. acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,210 shares of the financial services provider’s stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Jones Lang LaSalle by 36.5% in the 2nd quarter. Victory Capital Management Inc. now owns 13,722 shares of the financial services provider’s stock valued at $2,817,000 after purchasing an additional 3,666 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Jones Lang LaSalle by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 13,282 shares of the financial services provider’s stock worth $2,727,000 after buying an additional 208 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Jones Lang LaSalle by 7.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 44,647 shares of the financial services provider’s stock valued at $9,165,000 after buying an additional 3,012 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at $113,000. Finally, American Century Companies Inc. raised its position in Jones Lang LaSalle by 46.7% during the second quarter. American Century Companies Inc. now owns 39,976 shares of the financial services provider’s stock worth $8,206,000 after acquiring an additional 12,732 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 2.7 %

Shares of JLL opened at $249.42 on Wednesday. The stock has a fifty day simple moving average of $265.55 and a two-hundred day simple moving average of $252.52. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $11.83 billion, a PE ratio of 25.22 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52-week low of $167.11 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The company 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%. Jones Lang LaSalle’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.