Blueshift Asset Management LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,221 shares of the financial services provider's stock, valued at approximately $309,000.
A number of other hedge funds have also recently modified their holdings of JLL. FMR LLC lifted its holdings in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after acquiring an additional 459,466 shares during the period. State Street Corp lifted its stake in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock valued at $384,164,000 after purchasing an additional 6,304 shares during the period. Wellington Management Group LLP boosted its holdings in Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock worth $242,641,000 after buying an additional 53,066 shares in the last quarter. Geode Capital Management LLC increased its holdings in Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock valued at $241,165,000 after buying an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after acquiring an additional 62,700 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on JLL. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday. 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 company currently has an average rating of "Buy" and a consensus target price of $309.00.
Read Our Latest Analysis on JLL
Jones Lang LaSalle Stock Down 0.4 %
Shares of JLL stock traded down $1.12 during trading hours on Tuesday, reaching $258.75. 40,097 shares of the stock were exchanged, compared to its average volume of 297,367. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The business's fifty day moving average is $266.84 and its two-hundred day moving average is $264.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm has a market capitalization of $12.26 billion, a P/E ratio of 22.91 and a beta of 1.36.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the business posted $4.23 EPS. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Jones Lang LaSalle Company Profile
(
Free Report)
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.
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