Jupiter Asset Management Ltd. Grows Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Jupiter Asset Management Ltd. increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1,169.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,539 shares of the financial services provider's stock after buying an additional 65,903 shares during the quarter. Jupiter Asset Management Ltd. owned 0.15% of Jones Lang LaSalle worth $18,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Jones Lang LaSalle by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider's stock valued at $2,117,000 after acquiring an additional 1,179 shares during the last quarter. Atria Investments Inc raised its position in Jones Lang LaSalle by 64.5% during the 3rd quarter. Atria Investments Inc now owns 5,423 shares of the financial services provider's stock valued at $1,463,000 after purchasing an additional 2,126 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Jones Lang LaSalle by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,239 shares of the financial services provider's stock worth $4,381,000 after buying an additional 190 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $1,836,000. Finally, GSA Capital Partners LLP purchased a new stake in Jones Lang LaSalle in the third quarter worth $646,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Analyst Ratings Changes

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

Jones Lang LaSalle Stock Up 4.1 %

JLL stock traded up $9.85 during midday trading on Friday, hitting $249.68. The company's stock had a trading volume of 452,747 shares, compared to its average volume of 297,077. The company has a market cap of $11.83 billion, a PE ratio of 22.12 and a beta of 1.36. The firm's 50-day moving average is $265.99 and its 200-day moving average is $264.51. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 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 company had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. During the same period last year, the firm posted $4.23 earnings per share. Jones Lang LaSalle's revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.