Jones Lang LaSalle Incorporated (NYSE:JLL) Holdings Boosted by First Trust Advisors LP

First Trust Advisors LP boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 187.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,574 shares of the financial services provider's stock after buying an additional 27,105 shares during the quarter. First Trust Advisors LP owned 0.09% of Jones Lang LaSalle worth $10,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. increased its holdings in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 40 shares during the last quarter. Greenleaf Trust increased its stake in Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position 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 worth $62,000 after buying an additional 50 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after buying an additional 50 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after buying an additional 51 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

NYSE JLL traded up $4.95 on Friday, reaching $234.44. The company's stock had a trading volume of 353,960 shares, compared to its average volume of 320,136. The firm's 50 day moving average is $237.98 and its two-hundred day moving average is $257.28. The stock has a market cap of $11.14 billion, a PE ratio of 20.77 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a twelve month low of $180.42 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.23 earnings per share. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on JLL shares. Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. UBS Group reduced their target price 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. Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price target on 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $315.83.

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.