Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 133.3% in the first quarter, Holdings Channel reports. The firm owned 567 shares of the financial services provider’s stock after buying an additional 324 shares during the period. UMB Bank n.a.’s holdings in Jones Lang LaSalle were worth $141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JLL. Norges Bank acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $149,468,000. Marshall Wace LLP lifted its stake in Jones Lang LaSalle by 134.5% during the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider’s stock worth $94,474,000 after acquiring an additional 214,087 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Jones Lang LaSalle by 25,132.7% during the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider’s stock valued at $52,671,000 after acquiring an additional 211,617 shares during the period. Millennium Management LLC grew its position in Jones Lang LaSalle by 146.2% in the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider’s stock valued at $84,916,000 after acquiring an additional 199,197 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth about $29,271,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Up 0.2%

JLL opened at $237.80 on Thursday. 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 one year low of $194.36 and a one year high of $288.50. The company has a market cap of $11.29 billion, a P/E ratio of 21.06 and a beta of 1.31. The business’s 50-day simple moving average is $223.66 and its 200-day simple moving average is $249.63.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 earnings per share. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JLL shares. Citigroup lowered their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. UBS Group reduced their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $305.00.

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.