Tower Research Capital LLC TRC Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Tower Research Capital LLC TRC increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 105.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,152 shares of the financial services provider's stock after purchasing an additional 2,648 shares during the quarter. Tower Research Capital LLC TRC's holdings in Jones Lang LaSalle were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JLL. Hudson Edge Investment Partners Inc. grew its stake in shares of Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 40 shares in the last quarter. Greenleaf Trust grew its stake in Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Jones Lang LaSalle by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after buying an additional 50 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 51 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 4.1 %

NYSE:JLL opened at $219.25 on Thursday. The firm has a market capitalization of $10.42 billion, a PE ratio of 19.42 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 52 week low of $178.60 and a 52 week 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. The stock has a 50 day moving average of $243.55 and a 200-day moving average of $258.72.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping 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 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 earnings per share. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. UBS Group reduced 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 note on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Raymond James lifted their target price on 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 lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Company 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.

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