Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,343 shares of the financial services provider’s stock after acquiring an additional 117 shares during the period. PNC Financial Services Group Inc.’s holdings in Jones Lang LaSalle were worth $593,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Huntington National Bank increased its holdings in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares during the period. Hudson Edge Investment Partners Inc. increased its holdings in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 40 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 47 shares during the period. Greenleaf Trust increased its holdings in shares of Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 47 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, March 14th. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. 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 MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $247.77 on Wednesday. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $265.91 and a 200-day moving average of $264.56. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 21.95 and a beta of 1.36.

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

About Jones Lang LaSalle

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.