CWA Asset Management Group LLC Raises Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

CWA Asset Management Group LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 24.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,904 shares of the financial services provider's stock after purchasing an additional 2,163 shares during the quarter. CWA Asset Management Group LLC's holdings in Jones Lang LaSalle were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of Jones Lang LaSalle by 112.0% in the fourth 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 during the period. Western Pacific Wealth Management LP purchased a new position in Jones Lang LaSalle during the first quarter worth about $41,000. Principal Securities Inc. increased its stake 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 worth $45,000 after acquiring an additional 110 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 50 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after purchasing an additional 253 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Up 1.6%

Shares of JLL stock traded up $3.64 on Thursday, hitting $237.36. 345,911 shares of the company's stock traded hands, compared to its average volume of 340,536. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 21.46 and a beta of 1.31. The company's fifty day simple moving average is $225.90 and its 200 day simple moving average is $248.10. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.37% and a net margin of 2.23%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JLL shares. JPMorgan Chase & Co. lowered 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 note on Thursday, April 10th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup cut their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. UBS Group lowered their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of "Buy" and an average 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.