Sowell Financial Services LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,690 shares of the financial services provider's stock, valued at approximately $419,000.
Several other large investors also recently bought and sold shares of JLL. Private Trust Co. NA grew its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. Principal Securities Inc. grew its stake in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 50 shares during the period. Versant Capital Management Inc grew its stake in shares of Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 253 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Jones Lang LaSalle by 39.9% during the 1st quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 105 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Jones Lang LaSalle Price Performance
NYSE JLL traded up $1.20 during trading hours on Friday, reaching $238.64. The company's stock had a trading volume of 465,921 shares, compared to its average volume of 340,178. The firm's 50-day moving average price is $226.91 and its 200-day moving average price is $247.34. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 21.58 and a beta of 1.31.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the firm earned $1.78 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Citigroup cut their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. UBS Group lowered their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $305.00.
Get Our Latest Analysis on Jones Lang LaSalle
About Jones Lang LaSalle
(
Free Report)
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.
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