Lord Abbett & CO. LLC Has $24.05 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Lord Abbett & CO. LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,000 shares of the financial services provider's stock after purchasing an additional 5,000 shares during the quarter. Lord Abbett & CO. LLC owned about 0.20% of Jones Lang LaSalle worth $24,048,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JLL. Invesco Ltd. boosted its position in shares of Jones Lang LaSalle by 0.9% during the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after purchasing an additional 8,274 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after purchasing an additional 41,331 shares during the period. Norges Bank acquired a new stake in Jones Lang LaSalle during the 4th quarter worth about $149,468,000. Arrowstreet Capital Limited Partnership lifted its stake in Jones Lang LaSalle by 13.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after buying an additional 65,407 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after buying an additional 62,700 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.9 %

JLL traded up $1.96 during midday trading on Thursday, hitting $229.37. 303,955 shares of the company's stock traded hands, compared to its average volume of 319,850. The stock's fifty day simple moving average is $238.68 and its 200-day simple moving average is $257.54. Jones Lang LaSalle Incorporated has a one year low of $178.60 and a one year high of $288.50. The company has a market cap of $10.90 billion, a PE ratio of 20.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective 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. JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Raymond James increased their price target on shares of 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. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $315.83.

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.