Arjuna Capital grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 140.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,475 shares of the financial services provider's stock after acquiring an additional 1,445 shares during the quarter. Arjuna Capital's holdings in Jones Lang LaSalle were worth $627,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in shares of Jones Lang LaSalle by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider's stock valued at $2,117,000 after buying an additional 1,179 shares during the period. Van ECK Associates Corp grew its position in shares of Jones Lang LaSalle by 0.5% in the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider's stock valued at $2,972,000 after purchasing an additional 54 shares during the period. QRG Capital Management Inc. increased its stake in Jones Lang LaSalle by 2.4% in the third quarter. QRG Capital Management Inc. now owns 5,710 shares of the financial services provider's stock valued at $1,541,000 after purchasing an additional 133 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Jones Lang LaSalle in the 3rd quarter worth about $1,322,000. Finally, Portside Wealth Group LLC purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Analyst Ratings Changes
JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised shares of 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. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their price target 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. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $309.00.
View Our Latest Research Report on Jones Lang LaSalle
Jones Lang LaSalle Stock Up 2.8 %
Jones Lang LaSalle stock traded up $6.87 during midday trading on Wednesday, hitting $252.64. 684,668 shares of the stock were exchanged, compared to its average volume of 297,400. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company has a 50 day moving average price of $266.28 and a two-hundred day moving average price of $264.72. The firm has a market cap of $11.97 billion, a P/E ratio of 22.38 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50.
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 earnings per share 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 during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the firm earned $4.23 EPS. Jones Lang LaSalle's quarterly revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
Jones Lang LaSalle Profile
(
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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