Jones Lang LaSalle Incorporated $JLL Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,890 shares of the financial services provider’s stock after acquiring an additional 285 shares during the period. PNC Financial Services Group Inc.’s holdings in Jones Lang LaSalle were worth $739,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JLL. Swedbank AB lifted its position in shares of Jones Lang LaSalle by 115.0% during the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after purchasing an additional 501,716 shares in the last quarter. Select Equity Group L.P. increased its stake in Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after buying an additional 357,469 shares during the period. Nuveen LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $53,533,000. EdgePoint Investment Group Inc. boosted its position in Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after buying an additional 195,818 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Jones Lang LaSalle by 285.8% in the first quarter. Blair William & Co. IL now owns 217,835 shares of the financial services provider’s stock worth $54,003,000 after acquiring an additional 161,371 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on JLL shares. The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $338.29.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $314.72 on Friday. The stock’s 50-day simple moving average is $302.34 and its 200-day simple moving average is $275.25. The firm has a market capitalization of $14.85 billion, a PE ratio of 27.06 and a beta of 1.46. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $322.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.