Edgestream Partners L.P. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 212.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,732 shares of the financial services provider's stock after buying an additional 9,337 shares during the quarter. Edgestream Partners L.P.'s holdings in Jones Lang LaSalle were worth $3,476,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after purchasing an additional 459,466 shares during the period. SG Americas Securities LLC lifted its holdings in Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock valued at $70,643,000 after purchasing an additional 275,606 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after purchasing an additional 114,168 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $26,487,000. Finally, Lord Abbett & CO. LLC acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at about $24,283,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Jones Lang LaSalle Price Performance
JLL stock traded up $6.87 during mid-day trading on Wednesday, hitting $252.64. The stock had a trading volume of 684,661 shares, compared to its average volume of 297,400. The firm has a fifty day simple moving average of $266.28 and a 200 day simple moving average of $264.72. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.97 billion, a P/E ratio of 22.38 and a beta of 1.36.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the business earned $4.23 earnings per share. The company's revenue was up 15.8% on a year-over-year basis. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Analysts Set New Price Targets
JLL has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. 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 note on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 target price on the stock. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $309.00.
Check Out Our Latest Stock Analysis on Jones Lang LaSalle
About Jones Lang LaSalle
(
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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