AlphaQuest LLC Has $275,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

AlphaQuest LLC raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 36,066.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,085 shares of the financial services provider's stock after acquiring an additional 1,082 shares during the period. AlphaQuest LLC's holdings in Jones Lang LaSalle were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA grew its holdings in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after buying an additional 56 shares during the period. Brooklyn Investment Group acquired a new position in Jones Lang LaSalle in the third quarter valued at about $34,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth about $35,000. Principal Securities Inc. lifted its holdings 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. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded up $4.96 during midday trading on Wednesday, hitting $253.17. 185,322 shares of the company were exchanged, compared to its average volume of 366,920. The firm's 50 day moving average price is $265.91 and its two-hundred day moving average price is $264.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $12.00 billion, a P/E ratio of 22.42 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50.

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Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued 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. 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 analyst estimates of $6.65 billion. During the same period in the prior year, the firm posted $4.23 EPS. The company's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JLL shares. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $309.00.

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.