Assenagon Asset Management S.A. Has $24.16 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Assenagon Asset Management S.A. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 264.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 95,426 shares of the financial services provider’s stock after buying an additional 69,273 shares during the period. Assenagon Asset Management S.A. owned approximately 0.20% of Jones Lang LaSalle worth $24,156,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JLL. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the third quarter worth approximately $34,000. UMB Bank n.a. increased its position in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after buying an additional 105 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. Finally, Huntington National Bank raised its stake in Jones Lang LaSalle by 22.9% in the 3rd 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. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. upped 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. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $301.57.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $259.40 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.31 billion, a PE ratio of 26.23 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The business’s 50-day moving average price is $262.47 and its two-hundred day moving average price is $253.87.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.01 EPS. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 13.6 earnings per share 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.