Assenagon Asset Management S.A. Has $33.56 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Assenagon Asset Management S.A. grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,361 shares of the financial services provider's stock after purchasing an additional 39,935 shares during the period. Assenagon Asset Management S.A. owned approximately 0.29% of Jones Lang LaSalle worth $33,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $149,468,000. Marshall Wace LLP lifted its stake in Jones Lang LaSalle by 134.5% in the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock valued at $94,474,000 after buying an additional 214,087 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 211,617 shares during the last quarter. Millennium Management LLC increased its position in Jones Lang LaSalle by 146.2% during the fourth quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after buying an additional 199,197 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Jones Lang LaSalle by 51.5% in the first quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock worth $104,789,000 after acquiring an additional 143,623 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded down $4.80 during mid-day trading on Friday, reaching $236.79. The company's stock had a trading volume of 706,512 shares, compared to its average volume of 338,606. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 20.97 and a beta of 1.31. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The business has a 50 day moving average price of $224.22 and a 200-day moving average price of $249.34. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its 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 firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JLL. UBS Group decreased their price objective 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. Keefe, Bruyette & Woods decreased their price target 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. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup decreased their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped 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. One investment 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. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $305.00.

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.