Cinctive Capital Management LP Raises Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cinctive Capital Management LP increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 24,642 shares of the financial services provider's stock after buying an additional 2,582 shares during the quarter. Cinctive Capital Management LP owned about 0.05% of Jones Lang LaSalle worth $6,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JLL. Norges Bank purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $149,468,000. SG Americas Securities LLC lifted its stake in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after purchasing an additional 275,606 shares during the period. William Blair Investment Management LLC bought a new stake in Jones Lang LaSalle during the fourth quarter valued at approximately $29,271,000. Allspring Global Investments Holdings LLC raised its position in Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock worth $32,603,000 after acquiring an additional 114,168 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $26,487,000. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $9.06 during midday trading on Monday, reaching $210.53. 232,207 shares of the stock traded hands, compared to its average volume of 352,106. The stock has a market cap of $9.98 billion, a P/E ratio of 18.65 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The stock's fifty day moving average is $263.62 and its 200-day moving average is $264.17. 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 announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. During the same quarter in the previous year, the business posted $4.23 earnings per share. Jones Lang LaSalle's quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 22nd. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average 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.