590,457 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Purchased by Norges Bank

Norges Bank purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 590,457 shares of the financial services provider's stock, valued at approximately $149,468,000. Norges Bank owned 1.24% of Jones Lang LaSalle as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Private Trust Co. NA increased its stake in shares of Jones Lang LaSalle by 112.0% during the fourth 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 period. R Squared Ltd purchased a new stake in Jones Lang LaSalle during the 4th quarter worth about $35,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 valued at $49,000 after acquiring an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Jones Lang LaSalle by 52.9% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Price Performance

NYSE JLL traded down $12.53 during mid-day trading on Friday, hitting $219.47. The stock had a trading volume of 577,795 shares, compared to its average volume of 306,812. The company has a 50 day simple moving average of $263.62 and a 200 day simple moving average of $264.12. 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 company has a market cap of $10.40 billion, a price-to-earnings ratio of 19.44 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the previous year, the firm earned $4.23 EPS. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.