UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 8,885 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• UBS AM has increased its ownership in Jones Lang LaSalle Incorporated by 4.4%, acquiring an additional 8,885 shares during the first quarter, bringing its total ownership to approximately $52.3 million.
• Jones Lang LaSalle has beaten analysts' earnings expectations with an EPS of $3.30 for the last quarter, exceeding the consensus estimate of $3.20, and reported a revenue of $6.25 billion, which is up 11.0% year-over-year.
• Several analysts have issued buy ratings for the stock, with UBS Group raising its target price from $305 to $340, indicating strong market confidence in Jones Lang LaSalle.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,996 shares of the financial services provider's stock after purchasing an additional 8,885 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.44% of Jones Lang LaSalle worth $52,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. Cetera Investment Advisers grew its holdings in Jones Lang LaSalle by 24.5% during the 4th quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider's stock valued at $1,904,000 after buying an additional 1,479 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Jones Lang LaSalle by 218.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 11,376 shares of the financial services provider's stock valued at $2,880,000 after buying an additional 7,799 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Jones Lang LaSalle by 41.9% during the 4th quarter. Lazard Asset Management LLC now owns 5,210 shares of the financial services provider's stock valued at $1,317,000 after buying an additional 1,538 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Jones Lang LaSalle by 33.7% during the 4th quarter. Quantinno Capital Management LP now owns 1,903 shares of the financial services provider's stock valued at $482,000 after buying an additional 480 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Jones Lang LaSalle by 7.2% during the 4th quarter. ProShare Advisors LLC now owns 2,219 shares of the financial services provider's stock valued at $562,000 after buying an additional 150 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Down 0.5%

NYSE JLL traded down $1.46 on Friday, reaching $318.20. 913,533 shares of the stock traded hands, compared to its average volume of 374,002. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The company has a fifty day moving average price of $287.94 and a 200-day moving average price of $253.89. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 27.36 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $322.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. UBS Group raised their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citizens Jmp assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Finally, Citigroup dropped their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and a consensus target price of $328.57.

Jones Lang LaSalle Company 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.