Franklin Resources Inc. Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Franklin Resources Inc. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,751 shares of the financial services provider's stock after purchasing an additional 16,249 shares during the quarter. Franklin Resources Inc. owned about 0.28% of Jones Lang LaSalle worth $33,351,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings 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 worth $27,000 after buying an additional 56 shares during the last quarter. R Squared Ltd bought a new position in Jones Lang LaSalle in the fourth quarter valued at $35,000. Principal Securities Inc. raised its position in Jones Lang LaSalle by 166.7% during the fourth 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Jones Lang LaSalle by 35.7% during 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 boosted its holdings in shares of Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

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Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday. Raymond James lifted their target price 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, StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 22nd. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Buy" and an average target price of $303.00.

Jones Lang LaSalle Trading Down 5.5 %

Shares of NYSE:JLL traded down $12.20 during midday trading on Thursday, hitting $211.29. 130,298 shares of the stock traded hands, compared to its average volume of 364,403. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $10.01 billion, a PE ratio of 18.74 and a beta of 1.22. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The business's 50 day moving average is $256.98 and its two-hundred day moving average is $262.49.

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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period last year, the company earned $4.23 EPS. The business's quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.