TD Private Client Wealth LLC Has $831,000 Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

TD Private Client Wealth LLC lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 74.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,284 shares of the financial services provider’s stock after acquiring an additional 1,399 shares during the period. TD Private Client Wealth LLC’s holdings in Jones Lang LaSalle were worth $831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hudson Edge Investment Partners Inc. grew its position in Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after buying an additional 40 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in 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 period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Jones Lang LaSalle by 11.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider’s stock worth $159,000 after buying an additional 59 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 1.1 %

Shares of JLL opened at $250.52 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 22.19 and a beta of 1.36. The stock has a fifty day moving average price of $266.39 and a two-hundred day moving average price of $264.57. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.23 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price 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 price objective on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James upped their price target 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. Finally, The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.