CWA Asset Management Group LLC Has $2.70 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

CWA Asset Management Group LLC raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 24.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,904 shares of the financial services provider’s stock after buying an additional 2,163 shares during the period. CWA Asset Management Group LLC’s holdings in Jones Lang LaSalle were worth $2,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JLL. Private Trust Co. NA boosted its position in Jones Lang LaSalle by 112.0% during the fourth 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 last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $41,000. Principal Securities Inc. increased 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 buying an additional 110 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 50 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Jones Lang LaSalle by 356.3% in the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 253 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $237.36 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $11.27 billion, a PE ratio of 21.46 and a beta of 1.31. The firm has a fifty day moving average price of $225.90 and a two-hundred day moving average price of $248.10. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on JLL shares. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 13th. UBS Group reduced their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Citigroup dropped their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $305.00.

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.