Mirae Asset Global Investments Co. Ltd. Increases Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mirae Asset Global Investments Co. Ltd. raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,219 shares of the financial services provider’s stock after buying an additional 5,464 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Jones Lang LaSalle were worth $4,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 2.5% in the first quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 84 shares during the period. Acadian Asset Management LLC boosted its holdings in Jones Lang LaSalle by 110.9% in the 1st quarter. Acadian Asset Management LLC now owns 888 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 467 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $1,098,000. Great West Life Assurance Co. Can increased its holdings in shares of Jones Lang LaSalle by 9.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,298 shares of the financial services provider’s stock worth $6,973,000 after buying an additional 2,400 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Jones Lang LaSalle by 14.2% in the first quarter. Sei Investments Co. now owns 124,615 shares of the financial services provider’s stock valued at $29,823,000 after acquiring an additional 15,511 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the subject of several recent analyst reports. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective on the stock. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Jones Lang LaSalle Stock Down 1.3 %

Shares of NYSE:JLL opened at $173.97 on Wednesday. The firm’s 50-day moving average is $186.62 and its two-hundred day moving average is $168.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.14. The firm has a market capitalization of $8.25 billion, a PE ratio of 37.33 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.36 EPS. Analysts predict that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current 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.