Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,410 shares of the financial services provider’s stock after purchasing an additional 9,742 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.17% of Jones Lang LaSalle worth $19,849,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JLL. FMR LLC grew its holdings in shares of Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after buying an additional 459,466 shares in the last quarter. SG Americas Securities LLC raised its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after acquiring an additional 275,606 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth $29,271,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jones Lang LaSalle by 688.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after purchasing an additional 114,168 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $26,487,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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 report on Tuesday, December 10th. Raymond James increased 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. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Down 1.3 %

NYSE JLL opened at $251.19 on Friday. The stock has a market cap of $11.90 billion, a PE ratio of 22.25 and a beta of 1.36. The business has a 50 day moving average price of $267.05 and a two-hundred day moving average price of $264.59. 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) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.23 EPS. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.