Fox Run Management L.L.C. Invests $413,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Fox Run Management L.L.C. purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,633 shares of the financial services provider's stock, valued at approximately $413,000.

Several other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock worth $9,276,000 after buying an additional 10,186 shares in the last quarter. Boston Trust Walden Corp raised its stake in Jones Lang LaSalle by 1.9% in the fourth 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 in the last quarter. Dorsey Wright & Associates bought a new stake in Jones Lang LaSalle during the third quarter valued at approximately $4,276,000. Principal Securities Inc. increased its holdings in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after buying an additional 110 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $567,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

JLL has been the subject of a number of research reports. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. 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 report on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. Finally, Raymond James increased their target price 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. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $309.00.

Remove Ads

Jones Lang LaSalle Trading Down 2.0 %

Shares of NYSE JLL traded down $4.99 during midday trading on Friday, hitting $245.52. 191,788 shares of the company traded hands, compared to its average volume of 305,092. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The firm has a market cap of $11.64 billion, a P/E ratio of 21.75 and a beta of 1.36. The stock has a 50-day moving average price of $266.72 and a 200 day moving average price of $264.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the company earned $4.23 EPS. The business's revenue was up 15.8% compared to the same quarter last year. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.