Swiss National Bank Purchases 500 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Swiss National Bank grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,400 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Swiss National Bank’s holdings in Jones Lang LaSalle were worth $23,643,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of JLL. Private Trust Co. NA increased its stake in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter worth about $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $35,000. Principal Securities Inc. lifted its position in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JLL has been the subject of several analyst reports. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. Raymond James lifted their target price 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. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 1.5 %

Shares of NYSE:JLL opened at $253.70 on Tuesday. The stock’s 50-day moving average is $265.94 and its 200 day moving average is $264.61. The company has a market cap of $12.02 billion, a PE ratio of 22.47 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the previous year, the company earned $4.23 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.