Ensign Peak Advisors Inc Raises Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Ensign Peak Advisors Inc increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,076 shares of the financial services provider's stock after purchasing an additional 1,735 shares during the quarter. Ensign Peak Advisors Inc's holdings in Jones Lang LaSalle were worth $4,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JLL. Boston Trust Walden Corp increased its stake in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after buying an additional 5,663 shares during the period. Principal Securities Inc. boosted its holdings 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 acquiring an additional 110 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $413,000. New Age Alpha Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $7,099,000. Finally, Oak Thistle LLC bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at $686,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 0.5%

Jones Lang LaSalle stock traded down $1.18 during mid-day trading on Tuesday, reaching $230.24. The stock had a trading volume of 87,640 shares, compared to its average volume of 322,475. The firm has a market capitalization of $10.93 billion, a PE ratio of 20.34 and a beta of 1.33. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The stock's 50-day simple moving average is $231.58 and its 200-day simple moving average is $254.20. 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 (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm posted $1.78 EPS. Jones Lang LaSalle's revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Raymond James upped their target price on 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. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group cut their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $315.83.

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.