Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 112.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,729 shares of the financial services provider’s stock after purchasing an additional 32,104 shares during the quarter. Allianz Asset Management GmbH owned about 0.13% of Jones Lang LaSalle worth $11,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Jones Lang LaSalle in the fourth quarter worth approximately $97,222,000. Dimensional Fund Advisors LP grew its stake in shares of Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after purchasing an additional 142,887 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Jones Lang LaSalle by 20.4% during the fourth quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock valued at $134,142,000 after purchasing an additional 120,105 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Jones Lang LaSalle in the third quarter valued at $14,415,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Jones Lang LaSalle by 8.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock worth $115,506,000 after acquiring an additional 66,014 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 1.5 %

JLL opened at $202.07 on Monday. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $209.79. The firm has a market cap of $9.61 billion, a P/E ratio of 32.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The business has a 50 day moving average price of $190.60 and a 200 day moving average price of $181.82.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last announced its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 12.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on JLL shares. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 16th. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group began coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target on the stock. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

View Our Latest Report on Jones Lang LaSalle

Jones Lang LaSalle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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