Fifth Third Bancorp Buys 378 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Fifth Third Bancorp raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 22.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,098 shares of the financial services provider’s stock after buying an additional 378 shares during the quarter. Fifth Third Bancorp’s holdings in Jones Lang LaSalle were worth $520,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA lifted its position in shares of 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 in the last quarter. Principal Securities Inc. lifted its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 72 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 50 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Jones Lang LaSalle by 356.3% in the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $233.38 on Wednesday. The firm has a market capitalization of $11.08 billion, a PE ratio of 21.10 and a beta of 1.31. The company’s 50-day moving average is $225.64 and its 200-day moving average is $248.17. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on JLL. JPMorgan Chase & Co. cut their price objective 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. UBS Group dropped 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. Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $305.00.

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.