Greenland Capital Management LP Buys New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Greenland Capital Management LP purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,791 shares of the financial services provider's stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Jones Lang LaSalle in the 4th quarter valued at approximately $149,468,000. SG Americas Securities LLC boosted its position in shares of Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after buying an additional 275,606 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $29,271,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after buying an additional 114,168 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Jones Lang LaSalle during the 4th quarter worth about $26,487,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 1.2 %

NYSE JLL traded down $2.48 on Friday, hitting $210.83. 402,770 shares of the stock were exchanged, compared to its average volume of 312,427. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The company has a 50-day moving average price of $254.37 and a 200-day moving average price of $261.64. The company has a market cap of $9.99 billion, a PE ratio of 18.67 and a beta of 1.22. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

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Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $4.23 earnings per share. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on JLL. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday. Raymond James increased their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Finally, UBS Group dropped their price target 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. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus price target of $323.33.

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.