Riverwater Partners LLC Has $1.33 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Riverwater Partners LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,246 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Riverwater Partners LLC’s holdings in Jones Lang LaSalle were worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JLL. Cerity Partners LLC grew its stake in Jones Lang LaSalle by 17.7% in the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock valued at $548,000 after acquiring an additional 306 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 6.0% in the 3rd quarter. HighTower Advisors LLC now owns 3,325 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 189 shares in the last quarter. Janus Henderson Group PLC grew its position in Jones Lang LaSalle by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 22,224 shares of the financial services provider’s stock valued at $5,994,000 after purchasing an additional 1,238 shares during the period. Royal London Asset Management Ltd. increased its stake in Jones Lang LaSalle by 0.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 162,596 shares of the financial services provider’s stock valued at $43,870,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Jones Lang LaSalle by 296.3% in the third quarter. Quarry LP now owns 214 shares of the financial services provider’s stock valued at $58,000 after buying an additional 160 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JLL shares. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Trading Down 5.4 %

Shares of Jones Lang LaSalle stock opened at $219.47 on Friday. The firm has a market cap of $10.40 billion, a PE ratio of 19.44 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a fifty day moving average price of $263.62 and a 200-day moving average price of $264.03.

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

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.