Prudential Financial Inc. Acquires 39,623 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Prudential Financial Inc. boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 317,677 shares of the financial services provider’s stock after purchasing an additional 39,623 shares during the quarter. Prudential Financial Inc.’s holdings in Jones Lang LaSalle were worth $80,417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. FMR LLC boosted its position in shares of Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after acquiring an additional 459,466 shares during the period. SG Americas Securities LLC boosted its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares during the period. William Blair Investment Management LLC acquired a new stake in Jones Lang LaSalle in the 4th quarter worth $29,271,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after purchasing an additional 114,168 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $26,487,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 3.9 %

Shares of JLL stock opened at $260.06 on Tuesday. The company has a market capitalization of $12.32 billion, a P/E ratio of 23.03 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $266.84 and a 200 day moving average price of $264.65.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results 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. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the previous year, the company posted $4.23 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the subject of several recent research reports. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.