Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Amundi

Amundi raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,690 shares of the financial services provider’s stock after buying an additional 272 shares during the quarter. Amundi’s holdings in Jones Lang LaSalle were worth $1,907,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JLL. Private Trust Co. NA lifted its position in 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 valued at $27,000 after buying an additional 56 shares during the last quarter. Brooklyn Investment Group acquired a new position in Jones Lang LaSalle in the third quarter valued at about $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle in the fourth quarter valued at about $35,000. Principal Securities Inc. lifted its position 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 lifted its position 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. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Raymond James increased 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 report on Friday, January 24th. Finally, StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 1.5 %

JLL stock opened at $253.70 on Tuesday. The company’s 50 day moving average price is $265.94 and its 200 day moving average price is $264.61. 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 Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 22.47 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 for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.23 earnings per share. On average, equities research analysts anticipate 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.