Allspring Global Investments Holdings LLC Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Allspring Global Investments Holdings LLC raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 844.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,020 shares of the financial services provider’s stock after purchasing an additional 8,959 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Jones Lang LaSalle were worth $1,955,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley boosted its stake in Jones Lang LaSalle by 2.1% during the 3rd quarter. Morgan Stanley now owns 1,673,462 shares of the financial services provider’s stock valued at $236,260,000 after purchasing an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after buying an additional 142,887 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of Jones Lang LaSalle by 20.4% in the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock worth $134,142,000 after buying an additional 120,105 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after buying an additional 270,404 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth $97,222,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JLL shares. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, June 21st. Finally, Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.67.

Jones Lang LaSalle Trading Up 0.4 %

JLL traded up $0.82 on Tuesday, hitting $199.52. The company had a trading volume of 16,007 shares, compared to its average volume of 272,738. The company has a market cap of $9.49 billion, a PE ratio of 31.95 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $213.33. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $197.52 and its 200 day simple moving average is $188.12.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 12.36 EPS for the current year.

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.