Assenagon Asset Management S.A. Acquires 69,273 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Assenagon Asset Management S.A. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 264.9% in the 4th quarter, HoldingsChannel reports. The fund owned 95,426 shares of the financial services provider’s stock after acquiring an additional 69,273 shares during the period. Assenagon Asset Management S.A.’s holdings in Jones Lang LaSalle were worth $24,156,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Oak Thistle LLC bought a new position in Jones Lang LaSalle during the 4th quarter worth $686,000. Harbor Capital Advisors Inc. raised its position in shares of Jones Lang LaSalle by 2.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 26,103 shares of the financial services provider’s stock worth $6,608,000 after acquiring an additional 576 shares during the last quarter. Private Client Services LLC bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $1,817,000. Diversified Trust Co acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $567,000. Finally, Oliver Luxxe Assets LLC raised its holdings in Jones Lang LaSalle by 3.3% during the 4th quarter. Oliver Luxxe Assets LLC now owns 23,963 shares of the financial services provider’s stock worth $6,066,000 after purchasing an additional 757 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $259.40 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $167.11 and a twelve month high of $288.50. The stock’s 50 day moving average is $262.47 and its 200-day moving average is $253.87. 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 firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 26.23 and a beta of 1.36.

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 for the quarter, topping the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate 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 was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 earnings per share. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $301.57.

Jones Lang LaSalle Company 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.