TD Private Client Wealth LLC Purchases 1,399 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

TD Private Client Wealth LLC raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 74.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,284 shares of the financial services provider’s stock after purchasing an additional 1,399 shares during the period. TD Private Client Wealth LLC’s holdings in Jones Lang LaSalle were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Commerce Bank bought a new position in Jones Lang LaSalle in the third quarter valued at approximately $243,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Jones Lang LaSalle by 29.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after purchasing an additional 2,430 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Jones Lang LaSalle by 17.7% during the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 306 shares during the period. Algert Global LLC increased its holdings in Jones Lang LaSalle by 69.3% in the third quarter. Algert Global LLC now owns 26,888 shares of the financial services provider’s stock valued at $7,255,000 after purchasing an additional 11,010 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Jones Lang LaSalle during the third quarter worth about $719,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $250.52 on Monday. The stock has a market cap of $11.87 billion, a PE ratio of 22.19 and a beta of 1.36. The stock has a 50-day moving average price of $266.39 and a two-hundred day moving average price of $264.57. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $4.23 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the topic of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. 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 report on Monday, November 25th. Finally, Raymond James increased their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Company 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.