Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 264.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,426 shares of the financial services provider's stock after acquiring an additional 69,273 shares during the quarter. Assenagon Asset Management S.A. owned 0.20% of Jones Lang LaSalle worth $24,156,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after acquiring an additional 10,186 shares during the period. Dorsey Wright & Associates acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $4,276,000. Diversified Trust Co purchased a new position in Jones Lang LaSalle in the 4th quarter worth approximately $567,000. Private Client Services LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $1,817,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Jones Lang LaSalle by 39.1% in the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider's stock valued at $53,073,000 after purchasing an additional 55,322 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.8 %

JLL stock traded up $2.11 during midday trading on Friday, hitting $261.62. The company's stock had a trading volume of 156,597 shares, compared to its average volume of 300,254. The firm has a 50-day simple moving average of $262.35 and a 200-day simple moving average of $253.91. The firm has a market capitalization of $12.41 billion, a P/E ratio of 26.45 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52-week low of $168.13 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle's revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $2.01 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 target price on the stock. Finally, Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus price target of $301.57.

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.