Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,206 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,818 shares of the financial services provider’s stock after purchasing an additional 1,206 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jones Lang LaSalle were worth $3,176,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JLL. Exchange Traded Concepts LLC increased its position in Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 96 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $47,000. NBC Securities Inc. acquired a new position in Jones Lang LaSalle during the 3rd quarter worth approximately $100,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter worth approximately $162,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $215,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $179.03 on Tuesday. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $200.14. The firm has a fifty day simple moving average of $186.53 and a 200 day simple moving average of $169.94. The company has a market capitalization of $8.50 billion, a PE ratio of 38.42 and a beta of 1.42. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $4.36 earnings per share. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $206.00.

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.