Ameriprise Financial Inc. Grows Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Ameriprise Financial Inc. boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,789 shares of the financial services provider's stock after buying an additional 43,378 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.42% of Jones Lang LaSalle worth $50,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Private Trust Co. NA increased its stake in shares of 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 worth $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Principal Securities Inc. increased its holdings in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Jones Lang LaSalle by 35.7% during 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 in the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after buying an additional 72 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Up 0.8 %

NYSE:JLL opened at $229.64 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 firm has a 50-day simple moving average of $233.57 and a 200-day simple moving average of $255.78. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The firm has a market cap of $10.90 billion, a P/E ratio of 20.34 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. Jones Lang LaSalle's revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their target price on 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 upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. UBS Group lowered their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced 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. Finally, Raymond James boosted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $315.83.

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.

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