National Bank of Canada FI Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

National Bank of Canada FI purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,216 shares of the financial services provider's stock, valued at approximately $2,586,000.

Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock worth $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Boston Trust Walden Corp increased its position in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after buying an additional 5,663 shares during the last quarter. Principal Securities Inc. raised its holdings 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 buying an additional 110 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $413,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $7,099,000. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded down $2.48 on Friday, hitting $210.83. 402,770 shares of the company were exchanged, compared to its average volume of 311,881. 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 company's 50 day moving average price is $254.37 and its two-hundred day moving average price is $261.71. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22.

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Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced 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. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.23 EPS. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JLL. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday. Raymond James raised their target price 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. UBS Group cut their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday. Finally, StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $323.33.

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.