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

Pictet Asset Management Holding SA lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,289 shares of the financial services provider’s stock after buying an additional 1,017 shares during the period. Pictet Asset Management Holding SA’s holdings in Jones Lang LaSalle were worth $1,845,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth approximately $7,099,000. Norges Bank purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $149,468,000. Blair William & Co. IL lifted its holdings in shares of Jones Lang LaSalle by 15.3% during the 4th quarter. Blair William & Co. IL now owns 56,464 shares of the financial services provider’s stock valued at $14,293,000 after buying an additional 7,511 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Jones Lang LaSalle by 1.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 7,736 shares of the financial services provider’s stock worth $1,958,000 after buying an additional 130 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Jones Lang LaSalle by 14.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,410 shares of the financial services provider’s stock valued at $19,849,000 after acquiring an additional 9,742 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $219.47 on Friday. The company has a market cap of $10.40 billion, a P/E ratio of 19.44 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm’s fifty day moving average is $263.62 and its two-hundred day moving average is $264.03.

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

Jones Lang LaSalle Company 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.