Renaissance Group LLC Buys 14,146 Shares of Jones Lang LaSalle Incorporated $JLL

Renaissance Group LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 123,568 shares of the financial services provider’s stock after acquiring an additional 14,146 shares during the period. Renaissance Group LLC owned 0.26% of Jones Lang LaSalle worth $31,606,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle in the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares during the period. SVB Wealth LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $38,000. Traub Capital Management LLC bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $52,000. Finally, Whittier Trust Co. increased its position in Jones Lang LaSalle by 40.9% in the 2nd quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 63 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JLL. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group upped their target price on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, UBS Group increased their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $338.29.

Jones Lang LaSalle Price Performance

JLL stock opened at $297.23 on Wednesday. The company’s 50-day moving average is $302.61 and its 200-day moving average is $273.96. The stock has a market capitalization of $14.03 billion, a PE ratio of 25.56 and a beta of 1.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.