Allianz Asset Management GmbH Grows Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Allianz Asset Management GmbH raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 28.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,490 shares of the financial services provider’s stock after purchasing an additional 30,001 shares during the quarter. Allianz Asset Management GmbH owned 0.28% of Jones Lang LaSalle worth $34,045,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings 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 worth $952,624,000 after buying an additional 459,466 shares during the period. SG Americas Securities LLC grew its position 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 acquiring an additional 275,606 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after purchasing an additional 146,150 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Jones Lang LaSalle by 688.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after purchasing an additional 114,168 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Jones Lang LaSalle in the third quarter worth about $24,283,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 4.1 %

JLL opened at $261.16 on Monday. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The stock has a fifty day moving average price of $265.07 and a 200-day moving average price of $263.32. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 23.13 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate 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 business 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 firm posted $4.23 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of several research reports. Raymond James boosted their price objective 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 raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Finally, The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $309.00.

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.