Cetera Investment Advisers Purchases 1,479 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Cetera Investment Advisers increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,521 shares of the financial services provider's stock after acquiring an additional 1,479 shares during the period. Cetera Investment Advisers' holdings in Jones Lang LaSalle were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JLL. Ritholtz Wealth Management grew its stake in Jones Lang LaSalle by 48.2% in the 4th quarter. Ritholtz Wealth Management now owns 3,121 shares of the financial services provider's stock worth $790,000 after buying an additional 1,015 shares in the last quarter. UMB Bank n.a. grew its stake in Jones Lang LaSalle by 80.0% in the 4th quarter. UMB Bank n.a. now owns 243 shares of the financial services provider's stock worth $62,000 after buying an additional 108 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after buying an additional 51 shares in the last quarter. SG Americas Securities LLC grew its stake in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after buying an additional 275,606 shares in the last quarter. Finally, DGS Capital Management LLC grew its stake in Jones Lang LaSalle by 6.7% in the 4th quarter. DGS Capital Management LLC now owns 2,501 shares of the financial services provider's stock worth $633,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Down 2.0%

Shares of JLL opened at $231.18 on Tuesday. The stock has a market capitalization of $10.98 billion, a P/E ratio of 20.48 and a beta of 1.33. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $231.58 and a two-hundred day simple moving average of $254.20. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping 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 firm had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the company posted $1.78 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JLL. Keefe, Bruyette & Woods cut their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Raymond James upped 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 note on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. UBS Group cut their price objective 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. Finally, StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price 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.

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