UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,111 shares of the financial services provider's stock after buying an additional 50,844 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.43% of Jones Lang LaSalle worth $51,162,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $149,468,000. Marshall Wace LLP boosted its stake in Jones Lang LaSalle by 134.5% in the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after buying an additional 214,087 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Jones Lang LaSalle by 146.2% during the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after buying an additional 199,197 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $29,271,000. Finally, Allspring Global Investments Holdings LLC grew its position in Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after acquiring an additional 114,168 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JLL. UBS Group reduced their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Wall Street Zen lowered 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 price target 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. Citigroup dropped their price objective 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $305.00.

Jones Lang LaSalle Stock Down 1.1%

JLL stock traded down $2.36 during trading on Wednesday, reaching $220.10. 251,102 shares of the stock were exchanged, compared to its average volume of 328,075. 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 firm's 50 day moving average is $227.89 and its 200 day moving average is $252.22. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month high of $288.50. The firm has a market cap of $10.45 billion, a P/E ratio of 19.49 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.