Arrowstreet Capital Limited Partnership Increases Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Arrowstreet Capital Limited Partnership raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,675 shares of the financial services provider's stock after purchasing an additional 65,407 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.14% of Jones Lang LaSalle worth $137,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hudson Edge Investment Partners Inc. increased its position in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 40 shares during the period. Greenleaf Trust grew its stake in Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jones Lang LaSalle by 35.7% in the fourth 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. Private Trust Co. NA raised its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Jones Lang LaSalle by 11.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider's stock worth $159,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on JLL. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. 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. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded down $12.53 on Friday, reaching $219.47. The company's stock had a trading volume of 577,795 shares, compared to its average volume of 306,514. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a market capitalization of $10.40 billion, a P/E ratio of 19.44 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $263.62 and a 200-day moving average price of $264.03.

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

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.