Adage Capital Partners GP L.L.C. Purchases 15,000 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Adage Capital Partners GP L.L.C. grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,000 shares of the financial services provider's stock after buying an additional 15,000 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.23% of Jones Lang LaSalle worth $27,845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Boston Trust Walden Corp grew its holdings in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after purchasing an additional 5,663 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $413,000. New Age Alpha Advisors LLC purchased a new position in Jones Lang LaSalle during the fourth quarter valued at $7,099,000. Finally, Diversified Trust Co purchased a new stake in Jones Lang LaSalle in the fourth quarter worth about $567,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

JLL stock traded up $1.73 on Tuesday, hitting $228.69. The company had a trading volume of 316,737 shares, compared to its average volume of 318,344. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 12-month low of $178.60 and a 12-month high of $288.50. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 20.26 and a beta of 1.22. The stock's 50-day simple moving average is $240.22 and its 200 day simple moving average is $257.96.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 earnings per share. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on JLL shares. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. UBS Group reduced their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Raymond James upped their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and an average price target of $315.83.

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.