Jones Lang LaSalle Incorporated (NYSE:JLL) Position Increased by Plato Investment Management Ltd

Plato Investment Management Ltd raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 185.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,843 shares of the financial services provider’s stock after purchasing an additional 3,798 shares during the quarter. Plato Investment Management Ltd’s holdings in Jones Lang LaSalle were worth $1,484,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $35,000. Principal Securities Inc. boosted its holdings in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Raymond James upped their price target on shares of 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. Keefe, Bruyette & Woods upgraded shares of 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 research report on Tuesday, December 10th. Finally, Wolfe Research upgraded 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. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Down 2.0 %

JLL stock opened at $266.50 on Tuesday. 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 company has a market cap of $12.63 billion, a price-to-earnings ratio of 23.60 and a beta of 1.36. The company has a 50 day moving average of $266.19 and a two-hundred day moving average of $264.47.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $6.65 billion. During the same quarter in the prior year, the firm earned $4.23 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts anticipate 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.