Russell Investments Group Ltd. Purchases 14,949 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Russell Investments Group Ltd. boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,135 shares of the financial services provider's stock after purchasing an additional 14,949 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Jones Lang LaSalle worth $13,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of JLL. Public Employees Retirement System of Ohio raised its holdings in shares of Jones Lang LaSalle by 42.1% during the third 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 period. Boston Trust Walden Corp raised its stake 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 acquiring an additional 5,663 shares during the period. Principal Securities Inc. lifted its holdings in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $413,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $7,099,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages recently weighed in on JLL. UBS Group cut their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Raymond James raised 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. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $323.33.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded down $0.03 during trading hours on Tuesday, reaching $215.19. 157,989 shares of the company's stock were exchanged, compared to its average volume of 311,707. The business has a fifty day moving average price of $252.96 and a 200-day moving average price of $261.28. The stock has a market capitalization of $10.20 billion, a P/E ratio of 19.06 and a beta of 1.22. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

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