CWA Asset Management Group LLC Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

CWA Asset Management Group LLC grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 39.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,741 shares of the financial services provider’s stock after acquiring an additional 2,481 shares during the period. CWA Asset Management Group LLC’s holdings in Jones Lang LaSalle were worth $2,213,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after buying an additional 459,466 shares during the period. Dimensional Fund Advisors LP lifted its stake in Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares during the period. State Street Corp boosted its holdings in Jones Lang LaSalle by 0.4% in the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after acquiring an additional 6,304 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after purchasing an additional 181,246 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Jones Lang LaSalle by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after purchasing an additional 53,066 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $256.03 on Tuesday. The company has a market capitalization of $12.15 billion, a P/E ratio of 25.89 and a beta of 1.36. Jones Lang LaSalle Incorporated has a twelve month low of $167.11 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $266.00 and a 200 day moving average of $252.23.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the company posted $2.01 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped 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. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $301.57.

About Jones Lang LaSalle

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.