Intech Investment Management LLC Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Intech Investment Management LLC raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 165.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,855 shares of the financial services provider's stock after acquiring an additional 47,248 shares during the quarter. Intech Investment Management LLC owned approximately 0.16% of Jones Lang LaSalle worth $19,202,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 38 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 40 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 47 shares during the last quarter. Greenleaf Trust raised its holdings in Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after acquiring an additional 47 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after acquiring an additional 51 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on JLL. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective for the company. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded down $2.80 during mid-day trading on Friday, reaching $250.52. 446,426 shares of the company's stock traded hands, compared to its average volume of 297,450. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The firm has a 50 day moving average price of $266.39 and a two-hundred day moving average price of $264.37. 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 $11.87 billion, a PE ratio of 22.19 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the firm posted $4.23 EPS. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.