Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Dorsey Wright & Associates

Dorsey Wright & Associates grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 46.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,159 shares of the financial services provider’s stock after purchasing an additional 7,311 shares during the period. Jones Lang LaSalle makes up approximately 1.4% of Dorsey Wright & Associates’ portfolio, making the stock its 18th biggest holding. Dorsey Wright & Associates’ holdings in Jones Lang LaSalle were worth $5,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JLL. Private Trust Co. NA raised its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $35,000. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in 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 acquiring an additional 51 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 2.0 %

Shares of JLL opened at $245.52 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The stock has a fifty day moving average of $266.72 and a two-hundred day moving average of $264.62. 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 capitalization of $11.64 billion, a PE ratio of 21.75 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results 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 firm had revenue of $6.81 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $4.23 EPS. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JLL. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Raymond James raised 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. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group began 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. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus 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.