Jupiter Asset Management Ltd. Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Jupiter Asset Management Ltd. lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1,169.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,539 shares of the financial services provider’s stock after acquiring an additional 65,903 shares during the quarter. Jupiter Asset Management Ltd. owned 0.15% of Jones Lang LaSalle worth $18,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Private Trust Co. NA increased its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 56 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth $34,000. R Squared Ltd purchased a new position in Jones Lang LaSalle in the fourth quarter valued at $35,000. Principal Securities Inc. increased its holdings in 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 buying an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased 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 buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Six 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 MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Trading Up 2.8 %

Shares of JLL opened at $252.64 on Thursday. 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 $266.27 and a two-hundred day moving average of $264.64. 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 $11.97 billion, a PE ratio of 22.38 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $4.23 earnings per share. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.