Pictet Asset Management Holding SA Acquires 1,017 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Pictet Asset Management Holding SA boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,289 shares of the financial services provider’s stock after acquiring an additional 1,017 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Jones Lang LaSalle were worth $1,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Public Employees Retirement System of Ohio raised its holdings in Jones Lang LaSalle by 42.1% during 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 buying an additional 10,186 shares during the period. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after acquiring an additional 5,663 shares during the period. Dorsey Wright & Associates bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $4,276,000. Principal Securities Inc. boosted its stake in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Jones Lang LaSalle during the 4th quarter valued at about $413,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JLL has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Down 5.4 %

Shares of Jones Lang LaSalle stock opened at $219.47 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 19.44 and a beta of 1.36. The firm’s 50-day moving average is $263.62 and its two-hundred day moving average is $264.03. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50.

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

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.