Canada Pension Plan Investment Board Acquires 3,500 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Canada Pension Plan Investment Board grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 76,400 shares of the financial services provider's stock after buying an additional 3,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.16% of Jones Lang LaSalle worth $19,340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after purchasing an additional 5,663 shares in the last quarter. Principal Securities Inc. boosted its stake in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after buying an additional 110 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Jones Lang LaSalle during the fourth quarter worth $413,000. New Age Alpha Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at $7,099,000. Finally, Diversified Trust Co acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $567,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JLL has been the topic of several research analyst reports. UBS Group decreased their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Raymond James lifted 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, JPMorgan Chase & Co. lowered their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Stock Up 2.8 %

NYSE JLL traded up $6.06 on Thursday, reaching $225.16. The company had a trading volume of 440,773 shares, compared to its average volume of 317,555. Jones Lang LaSalle Incorporated has a 1-year low of $178.60 and a 1-year high of $288.50. The company's fifty day moving average is $243.55 and its 200-day moving average is $258.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 19.94 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during 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 company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.23 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share 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.