Principal Securities Inc. Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Principal Securities Inc. grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 166.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176 shares of the financial services provider’s stock after purchasing an additional 110 shares during the quarter. Principal Securities Inc.’s holdings in Jones Lang LaSalle were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares during the period. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after buying an additional 5,663 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in Jones Lang LaSalle during the 3rd quarter valued at $4,276,000. Diversified Trust Co purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $567,000. Finally, Private Client Services LLC purchased a new position in Jones Lang LaSalle during the fourth quarter worth about $1,817,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $267.28 on Friday. The business has a fifty day simple moving average of $265.57 and a 200 day simple moving average of $263.76. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 23.67 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business earned $4.23 EPS. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Finally, Raymond James increased their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $309.00.

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.