Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,868 shares of the financial services provider’s stock after purchasing an additional 2,037 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jones Lang LaSalle were worth $5,283,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of JLL. Private Trust Co. NA lifted its stake in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. grew 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing an additional 51 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of several analyst reports. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $249.68 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average price is $266.07 and its 200-day moving average price is $264.46. The stock has a market cap of $11.83 billion, a PE ratio of 22.12 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50.

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

Jones Lang LaSalle 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.