Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 418.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,628 shares of the financial services provider's stock after buying an additional 3,735 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Jones Lang LaSalle were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of JLL. Public Employees Retirement System of Ohio lifted its stake in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock worth $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Boston Trust Walden Corp lifted its position in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after buying an additional 5,663 shares in the last quarter. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after buying an additional 110 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $413,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth $7,099,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have commented on JLL shares. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, UBS Group reduced their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $323.33.
Check Out Our Latest Stock Report on JLL
Jones Lang LaSalle Price Performance
Shares of NYSE:JLL traded up $5.36 on Monday, hitting $216.30. The company had a trading volume of 33,512 shares, compared to its average volume of 366,277. The company has a market cap of $10.25 billion, a PE ratio of 19.16 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 business has a 50 day moving average of $254.37 and a 200 day moving average of $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 results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate 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%. The firm's revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.23 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
About Jones Lang LaSalle
(
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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