Yarbrough Capital LLC Acquires New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Yarbrough Capital LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,398 shares of the financial services provider's stock, valued at approximately $347,000.

Other large investors have also modified their holdings of the company. Private Trust Co. NA lifted its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after purchasing an additional 72 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $0.53 during trading hours on Friday, hitting $230.25. The stock had a trading volume of 197,003 shares, compared to its average volume of 332,968. The stock's fifty day simple moving average is $223.60 and its 200 day simple moving average is $250.09. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 20.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business earned $1.78 earnings per share. Jones Lang LaSalle's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JLL shares. JPMorgan Chase & Co. cut their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Citigroup cut their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, UBS Group cut their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. One research 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $305.00.

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.