CWA Asset Management Group LLC Has $2.70 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

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

A number of other hedge funds have also modified their holdings of the company. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $41,000. Adero Partners LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $202,000. Sowell Financial Services LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $419,000. Janney Montgomery Scott LLC raised its holdings in Jones Lang LaSalle by 34.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after buying an additional 2,252 shares during the period. Finally, Fairvoy Private Wealth LLC raised its holdings in Jones Lang LaSalle by 18.4% during the 1st quarter. Fairvoy Private Wealth LLC now owns 3,353 shares of the financial services provider's stock worth $831,000 after buying an additional 521 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group dropped their target price 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. 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. Citigroup dropped 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 report on Wednesday, May 28th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased 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 note on Thursday, April 10th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $305.00.

Jones Lang LaSalle Stock Up 0.5%

JLL traded up $1.20 during trading on Friday, reaching $238.64. 465,921 shares of the stock were exchanged, compared to its average volume of 340,178. The stock has a market cap of $11.33 billion, a P/E ratio of 21.58 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 stock's 50 day moving average price is $226.91 and its two-hundred day moving average price is $247.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.