Cetera Investment Advisers Has $1.90 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cetera Investment Advisers boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,521 shares of the financial services provider's stock after purchasing an additional 1,479 shares during the quarter. Cetera Investment Advisers' holdings in Jones Lang LaSalle were worth $1,904,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JLL. Invesco Ltd. boosted its holdings in shares of Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after buying an additional 8,274 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after purchasing an additional 41,331 shares during the period. Norges Bank acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $149,468,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jones Lang LaSalle by 13.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock worth $137,373,000 after purchasing an additional 65,407 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Jones Lang LaSalle by 1.3% during the fourth quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock worth $114,099,000 after purchasing an additional 5,572 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently 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 for the company in a report on Thursday, April 17th. Wall Street Zen lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. 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. Finally, UBS Group lowered 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 report on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Trading Up 0.4%

Shares of JLL stock traded up $0.79 on Friday, reaching $215.79. The company had a trading volume of 313,729 shares, compared to its average volume of 328,020. The company has a 50-day moving average of $229.27 and a 200-day moving average of $252.80. Jones Lang LaSalle Incorporated has a 12 month low of $192.94 and a 12 month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.24 billion, a PE ratio of 19.11 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 (EPS) 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 business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the prior year, the business earned $1.78 EPS. Jones Lang LaSalle's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current 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.