International Assets Investment Management LLC Invests $3.10 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,432 shares of the financial services provider’s stock, valued at approximately $3,104,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Jones Lang LaSalle by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,345,723 shares of the financial services provider’s stock valued at $1,759,007,000 after buying an additional 40,866 shares during the period. Morgan Stanley raised its stake in Jones Lang LaSalle by 644.6% in the 4th quarter. Morgan Stanley now owns 1,698,480 shares of the financial services provider’s stock valued at $270,687,000 after acquiring an additional 1,470,373 shares during the period. Ariel Investments LLC lifted its holdings in Jones Lang LaSalle by 3.5% during the 3rd quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock valued at $222,259,000 after purchasing an additional 53,883 shares during the last quarter. State Street Corp boosted its position in Jones Lang LaSalle by 5.3% during the first quarter. State Street Corp now owns 1,373,781 shares of the financial services provider’s stock worth $328,966,000 after purchasing an additional 69,533 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Jones Lang LaSalle by 78.7% in the fourth quarter. Millennium Management LLC now owns 856,431 shares of the financial services provider’s stock valued at $136,489,000 after purchasing an additional 377,046 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target for the company. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Finally, Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $173.57 on Thursday. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 37.25 and a beta of 1.42. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $200.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a fifty day moving average price of $186.66 and a 200-day moving average price of $168.82.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.53. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the prior year, the business posted $4.36 earnings per share. Jones Lang LaSalle’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 11.98 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.