DGS Capital Management LLC Increases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

DGS Capital Management LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,501 shares of the financial services provider’s stock after buying an additional 157 shares during the period. DGS Capital Management LLC’s holdings in Jones Lang LaSalle were worth $633,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares during the last quarter. SG Americas Securities LLC lifted its stake in Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after purchasing an additional 275,606 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth approximately $55,152,000. International Assets Investment Management LLC lifted its stake in shares of 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 worth $39,456,000 after acquiring an additional 146,150 shares during the last quarter. Finally, Artemis Investment Management LLP grew its position in Jones Lang LaSalle by 43.0% in the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after acquiring an additional 99,613 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $276.26 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $168.36 and a 12-month high of $288.50. The firm’s fifty day simple moving average is $262.63 and its two-hundred day simple moving average is $256.64. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the company earned $2.01 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts forecast that Jones Lang LaSalle Incorporated will post 13.61 EPS for the current fiscal 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.