Renaissance Group LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 574.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,092 shares of the financial services provider's stock after purchasing an additional 94,610 shares during the quarter. Renaissance Group LLC owned approximately 0.23% of Jones Lang LaSalle worth $28,099,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock valued at $384,164,000 after acquiring an additional 6,304 shares during the period. Invesco Ltd. increased its stake in shares of Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after purchasing an additional 8,274 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after acquiring an additional 41,331 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock valued at $242,641,000 after acquiring an additional 53,066 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth about $149,468,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Performance
NYSE:JLL traded down $2.48 during trading hours on Friday, reaching $210.83. The company had a trading volume of 402,770 shares, compared to its average volume of 312,427. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22. 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's 50 day moving average price is $254.37 and its 200-day moving average price is $261.64. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion during 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 revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 earnings per share. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Wall Street Analysts Forecast Growth
JLL has been the subject of a number of analyst reports. UBS Group reduced their price objective 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. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $323.33.
View Our Latest Analysis on Jones Lang LaSalle
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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