Prudential Financial Inc. Raises Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Prudential Financial Inc. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 317,677 shares of the financial services provider's stock after buying an additional 39,623 shares during the quarter. Prudential Financial Inc. owned about 0.67% of Jones Lang LaSalle worth $80,417,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JLL. Private Trust Co. NA raised its position in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth $34,000. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at $35,000. Principal Securities Inc. increased its position in shares of 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 acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Jones Lang LaSalle by 35.7% during 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 period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

JLL has been the subject of a number of research reports. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a "buy" rating and a $352.00 price objective on the stock. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and a consensus target price of $309.00.

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Jones Lang LaSalle Price Performance

Shares of JLL stock traded down $4.99 on Friday, reaching $245.52. 191,788 shares of the company were exchanged, compared to its average volume of 305,092. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 21.75 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The business has a 50-day moving average price of $266.72 and a 200 day moving average price of $264.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the firm earned $4.23 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.