Jones Lang LaSalle Incorporated (NYSE:JLL) Position Increased by Prudential Financial Inc.

Prudential Financial Inc. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,677 shares of the financial services provider’s stock after acquiring an additional 39,623 shares during the period. Prudential Financial Inc. owned about 0.67% of Jones Lang LaSalle worth $80,417,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Private Trust Co. NA raised 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 during the period. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at $34,000. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the 4th quarter worth about $35,000. Principal Securities Inc. boosted its position in 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 during the period. Finally, MassMutual Private Wealth & Trust FSB grew 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 acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 3.9 %

Jones Lang LaSalle stock opened at $260.06 on Tuesday. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The company’s fifty day moving average price is $266.84 and its two-hundred day moving average price is $264.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 23.03 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business earned $4.23 EPS. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on JLL shares. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective 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, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average 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.