Ameriprise Financial Inc. Acquires 43,378 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Ameriprise Financial Inc. grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,789 shares of the financial services provider's stock after purchasing an additional 43,378 shares during the quarter. Ameriprise Financial Inc. owned about 0.42% of Jones Lang LaSalle worth $50,575,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JLL. Private Trust Co. NA boosted its position in shares of 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 acquiring an additional 56 shares during the period. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. raised its stake 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 purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 72 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on JLL. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. UBS Group decreased their price target on shares of 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. 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Trading Up 0.2%

NYSE:JLL traded up $0.52 during trading hours on Friday, hitting $236.06. The company had a trading volume of 110,753 shares, compared to its average volume of 321,562. The company has a market capitalization of $11.21 billion, a PE ratio of 20.91 and a beta of 1.33. The stock has a 50-day moving average price of $232.21 and a 200 day moving average price of $254.94. Jones Lang LaSalle Incorporated has a 52 week low of $192.94 and a 52 week high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.