Versor Investments LP Has $1.32 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Versor Investments LP lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 44.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,204 shares of the financial services provider's stock after purchasing an additional 1,600 shares during the period. Versor Investments LP's holdings in Jones Lang LaSalle were worth $1,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $35,000. Principal Securities Inc. raised its holdings in shares of 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 purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Raymond James lifted their target price on 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. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a "buy" rating and a $352.00 target price for the company. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $309.00.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $5.39 during midday trading on Monday, reaching $266.50. 288,058 shares of the company were exchanged, compared to its average volume of 288,745. The firm's 50-day simple moving average is $265.94 and its 200-day simple moving average is $264.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 23.60 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its 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 business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted $4.23 EPS. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.