ExodusPoint Capital Management LP Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

ExodusPoint Capital Management LP increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 304.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,696 shares of the financial services provider's stock after purchasing an additional 72,023 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.20% of Jones Lang LaSalle worth $24,224,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Public Employees Retirement System of Ohio raised its position in shares of Jones Lang LaSalle by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after buying an additional 10,186 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after purchasing an additional 5,663 shares in the last quarter. Dorsey Wright & Associates acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Jones Lang LaSalle during the fourth quarter worth approximately $413,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Stock Up 1.2 %

NYSE JLL traded up $2.59 on Tuesday, hitting $217.27. 131,375 shares of the stock were exchanged, compared to its average volume of 307,177. 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 company has a 50-day moving average price of $262.28 and a 200-day moving average price of $263.82. The company has a market cap of $10.30 billion, a PE ratio of 19.33 and a beta of 1.22. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping 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 company 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 EPS. Jones Lang LaSalle's revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James upped 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. JPMorgan Chase & Co. raised their price objective 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. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price target for the stock 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $309.00.

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.