CWC Advisors LLC. Acquires New Shares in Jones Lang LaSalle Incorporated (NYSE:JLL)

CWC Advisors LLC. bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,643 shares of the financial services provider’s stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Heritage Oak Wealth Advisors LLC bought a new stake in shares of Jones Lang LaSalle in the third quarter worth approximately $257,000. Moody Aldrich Partners LLC purchased a new stake in Jones Lang LaSalle in the third quarter worth approximately $250,000. Riverwater Partners LLC grew its position in Jones Lang LaSalle by 3.1% in the 3rd quarter. Riverwater Partners LLC now owns 5,098 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 152 shares during the period. International Assets Investment Management LLC raised its stake in Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after buying an additional 146,150 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 12.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,301 shares of the financial services provider’s stock worth $351,000 after buying an additional 143 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $271.03 on Friday. The company has a market cap of $12.86 billion, a P/E ratio of 34.22 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 52-week low of $120.75 and a 52-week high of $279.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The firm’s fifty day moving average is $259.22 and its two-hundred day moving average is $225.59.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 12.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Raymond James upped their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, UBS Group upped their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $246.80.

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.