Northern Trust Corp Purchases 5,572 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Northern Trust Corp increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,735 shares of the financial services provider's stock after buying an additional 5,572 shares during the period. Northern Trust Corp owned 0.95% of Jones Lang LaSalle worth $114,099,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Tudor Investment Corp ET AL bought a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $817,000. Public Employees Retirement Association of Colorado raised its holdings in Jones Lang LaSalle by 7.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 101,335 shares of the financial services provider's stock worth $25,652,000 after acquiring an additional 6,800 shares in the last quarter. Quarry LP boosted its position in Jones Lang LaSalle by 129.9% during the fourth quarter. Quarry LP now owns 492 shares of the financial services provider's stock valued at $125,000 after purchasing an additional 278 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $277,000. Finally, Lord Abbett & CO. LLC increased its position in shares of Jones Lang LaSalle by 5.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 95,000 shares of the financial services provider's stock worth $24,048,000 after purchasing an additional 5,000 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price target on 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. UBS Group dropped 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 report on Friday, April 11th. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday. Raymond James upped 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 report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their target price 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. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Stock Down 0.3 %

Jones Lang LaSalle stock traded down $0.73 during midday trading on Friday, reaching $227.04. The stock had a trading volume of 104,200 shares, compared to its average volume of 320,830. The company has a fifty day moving average price of $234.22 and a two-hundred day moving average price of $256.04. Jones Lang LaSalle Incorporated has a 12 month low of $191.84 and a 12 month high of $288.50. 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 company has a market capitalization of $10.79 billion, a P/E ratio of 20.11 and a beta of 1.33.

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

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.