Jones Lang LaSalle Incorporated (NYSE:JLL) Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,964 shares of the financial services provider's stock after purchasing an additional 61,092 shares during the period. Principal Financial Group Inc. owned about 0.50% of Jones Lang LaSalle worth $44,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider's stock valued at $269,512,000 after acquiring an additional 142,887 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Jones Lang LaSalle by 20.4% in the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider's stock valued at $134,142,000 after purchasing an additional 120,105 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $14,415,000. Massachusetts Financial Services Co. MA raised its position in shares of Jones Lang LaSalle by 8.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider's stock valued at $115,506,000 after buying an additional 66,014 shares during the last quarter. Finally, Ariel Investments LLC lifted its stake in shares of Jones Lang LaSalle by 3.5% in the third quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider's stock worth $222,259,000 after buying an additional 53,883 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Trading Down 0.7 %

Shares of NYSE:JLL traded down $1.42 during midday trading on Friday, reaching $206.12. 179,707 shares of the company's stock were exchanged, compared to its average volume of 274,084. The firm's 50 day simple moving average is $187.86 and its two-hundred day simple moving average is $176.81. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 33.21 and a beta of 1.43. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $209.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on JLL shares. Wolfe Research reiterated a "peer perform" rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. TheStreet raised Jones Lang LaSalle from a "c+" rating to a "b-" rating in a research note on Wednesday, February 14th. Raymond James upgraded Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and an average price target of $214.00.

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.