Envestnet Asset Management Inc. Purchases 30,837 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Envestnet Asset Management Inc. increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,578 shares of the financial services provider's stock after purchasing an additional 30,837 shares during the period. Envestnet Asset Management Inc. owned 0.34% of Jones Lang LaSalle worth $41,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Private Trust Co. NA boosted its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after acquiring an additional 56 shares during the last quarter. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the 4th quarter worth $35,000. Principal Securities Inc. boosted its holdings in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after buying an additional 72 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday. Raymond James upped their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, UBS Group lowered their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $323.33.

Jones Lang LaSalle Trading Up 1.8 %

Shares of Jones Lang LaSalle stock traded up $3.87 during trading on Monday, hitting $214.81. The stock had a trading volume of 280,775 shares, compared to its average volume of 312,301. The stock has a market cap of $10.18 billion, a PE ratio of 19.03 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The firm's fifty day simple moving average is $252.96 and its 200-day simple moving average is $261.28. 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 announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the business earned $4.23 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, sell-side 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.