Bokf Na Purchases Shares of 610 Jones Lang LaSalle Incorporated (NYSE:JLL)

Bokf Na bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 610 shares of the financial services provider’s stock, valued at approximately $145,000.

A number of other institutional investors have also bought and sold shares of JLL. Private Trust Co. NA increased its holdings in shares of 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 last quarter. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $35,000. Principal Securities Inc. grew its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% during 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. Finally, V Square Quantitative Management LLC grew its stake in shares of Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $229.64 on Friday. The company has a 50 day moving average price of $233.57 and a 200-day moving average price of $255.78. The company has a market capitalization of $10.90 billion, a PE ratio of 20.34 and a beta of 1.33. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Finally, UBS Group dropped their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $315.83.

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.