Lazard Asset Management LLC Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Lazard Asset Management LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 41.9% in the fourth quarter, Holdings Channel reports. The firm owned 5,210 shares of the financial services provider’s stock after acquiring an additional 1,538 shares during the period. Lazard Asset Management LLC’s holdings in Jones Lang LaSalle were worth $1,317,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JLL. Ritholtz Wealth Management boosted its position in Jones Lang LaSalle by 48.2% during the 4th quarter. Ritholtz Wealth Management now owns 3,121 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 1,015 shares during the period. Artemis Investment Management LLP boosted its position in Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock worth $99,791,000 after purchasing an additional 62,700 shares during the period. Polianta Ltd lifted its holdings in Jones Lang LaSalle by 9.3% in the 4th quarter. Polianta Ltd now owns 4,700 shares of the financial services provider’s stock worth $1,189,000 after buying an additional 400 shares in the last quarter. UMB Bank n.a. lifted its holdings in Jones Lang LaSalle by 80.0% in the 4th quarter. UMB Bank n.a. now owns 243 shares of the financial services provider’s stock worth $62,000 after buying an additional 108 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on JLL shares. UBS Group reduced their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Raymond James increased their price target 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. JPMorgan Chase & Co. reduced their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and a consensus price target of $315.83.

Jones Lang LaSalle Price Performance

JLL opened at $236.04 on Monday. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 20.91 and a beta of 1.33. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The company’s 50-day moving average price is $232.01 and its 200 day moving average price is $254.44. 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 data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.