McLean Asset Management Corp Invests $534,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

McLean Asset Management Corp bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,752 shares of the financial services provider’s stock, valued at approximately $534,000.

A number of other hedge funds have also added to or reduced their stakes in JLL. Rise Advisors LLC bought a new position in Jones Lang LaSalle in the first quarter valued at $30,000. Bruce G. Allen Investments LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at $47,000. GAMMA Investing LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at $71,000. Savant Capital LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at $203,000. Finally, Chicago Partners Investment Group LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at $213,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $1.10 during mid-day trading on Friday, reaching $208.75. 495,880 shares of the company were exchanged, compared to its average volume of 272,650. The company’s 50-day simple moving average is $193.63 and its 200-day simple moving average is $186.07. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.93 billion, a P/E ratio of 33.74 and a beta of 1.40. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $213.33.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the company posted $0.65 EPS. Jones Lang LaSalle’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 12.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JLL. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Jefferies Financial Group began coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $216.67.

Read Our Latest Stock Analysis on JLL

About Jones Lang LaSalle

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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