Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,868 shares of the financial services provider's stock after buying an additional 2,037 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Jones Lang LaSalle were worth $5,283,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JLL. Atria Investments Inc raised its holdings in Jones Lang LaSalle by 64.5% in the 3rd quarter. Atria Investments Inc now owns 5,423 shares of the financial services provider's stock valued at $1,463,000 after acquiring an additional 2,126 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $646,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Jones Lang LaSalle during the third quarter worth $451,000. Victory Capital Management Inc. increased its stake in shares of Jones Lang LaSalle by 69.2% in the 3rd quarter. Victory Capital Management Inc. now owns 23,213 shares of the financial services provider's stock worth $6,263,000 after acquiring an additional 9,491 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Jones Lang LaSalle by 29.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,460 shares of the financial services provider's stock worth $664,000 after acquiring an additional 560 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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Jones Lang LaSalle Stock Down 2.3 %

Jones Lang LaSalle stock traded down $5.71 during midday trading on Tuesday, reaching $247.77. The company's stock had a trading volume of 185,584 shares, compared to its average volume of 296,695. The business has a 50-day simple moving average of $265.94 and a 200-day simple moving average of $264.61. The company has a market cap of $11.74 billion, a P/E ratio of 21.95 and a beta of 1.36. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. 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 (NYSE:JLL - Get Free Report) last announced 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 company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.23 earnings per share. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James raised their price objective on shares of 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. Keefe, Bruyette & Woods raised 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 research report on Tuesday, December 10th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their target price 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. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of "Buy" and a consensus target price of $309.00.

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.