Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,868 shares of the financial services provider’s stock after purchasing an additional 2,037 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jones Lang LaSalle were worth $5,283,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JLL. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle in the third quarter worth $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $35,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% during 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 raised its position in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $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.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $249.68 on Friday. 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 stock has a 50-day simple moving average of $266.07 and a two-hundred day simple moving average of $264.46. The firm has a market capitalization of $11.83 billion, a PE ratio of 22.12 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

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

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of recent analyst reports. Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, 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. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $309.00.

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.