Chicago Partners Investment Group LLC Invests $213,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Chicago Partners Investment Group LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, HoldingsChannel reports. The fund bought 1,233 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JLL. Bruce G. Allen Investments LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $47,000. GAMMA Investing LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $71,000. Savant Capital LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $203,000. Sequoia Financial Advisors LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $215,000. Finally, Schechter Investment Advisors LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $224,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $211.52 on Wednesday. The company has a 50 day moving average price of $192.51 and a 200-day moving average price of $185.73. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $212.97. The stock has a market capitalization of $10.06 billion, a PE ratio of 34.01 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 12.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price objective for the company. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

About Jones Lang LaSalle

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.