Union Bancaire Privee UBP SA Purchases Shares of 20,300 Jones Lang LaSalle Incorporated (NYSE:JLL)

Union Bancaire Privee UBP SA acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 20,300 shares of the financial services provider’s stock, valued at approximately $5,139,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Huntington National Bank grew its position in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Jones Lang LaSalle by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after buying an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 acquiring an additional 51 shares during the last quarter. Finally, First Bank & Trust increased its holdings in Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 54 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report 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 company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Wolfe Research upgraded 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. Finally, Raymond James upped their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Performance

JLL stock opened at $276.26 on Monday. The firm has a 50-day simple moving average of $262.63 and a two-hundred day simple moving average of $257.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $168.36 and a one year high of $288.50. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 27.93 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.61 EPS for the current fiscal 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.