New Wave Wealth Advisors LLC Buys New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

New Wave Wealth Advisors LLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 988 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds have also made changes to their positions in the company. Swedbank AB acquired a new position in Jones Lang LaSalle in the first quarter valued at $97,018,000. EdgePoint Investment Group Inc. boosted its position in shares of Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after buying an additional 443,992 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after purchasing an additional 270,404 shares in the last quarter. Select Equity Group L.P. purchased a new stake in Jones Lang LaSalle in the 2nd quarter valued at approximately $55,152,000. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Jones Lang LaSalle by 3,097.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after acquiring an additional 187,196 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.3 %

Shares of Jones Lang LaSalle stock opened at $266.38 on Wednesday. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 42.83 and a beta of 1.37. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $273.82. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $250.91 and a 200-day simple moving average of $216.86.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on JLL shares. UBS Group raised their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, Raymond James boosted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $246.80.

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.