Marshall Wace LLP Purchases 214,087 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Marshall Wace LLP raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 134.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 373,207 shares of the financial services provider's stock after purchasing an additional 214,087 shares during the period. Marshall Wace LLP owned 0.79% of Jones Lang LaSalle worth $94,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in JLL. Private Trust Co. NA increased its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd purchased a new position in Jones Lang LaSalle in the 4th quarter valued at approximately $35,000. Principal Securities Inc. lifted its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after acquiring an additional 51 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on JLL. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Raymond James boosted their price objective on shares of 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. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. 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, April 10th. Finally, UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Price Performance

NYSE JLL traded up $4.84 during trading hours on Tuesday, reaching $209.41. 48,136 shares of the stock traded hands, compared to its average volume of 314,695. The stock has a 50 day simple moving average of $246.20 and a two-hundred day simple moving average of $259.33. Jones Lang LaSalle Incorporated has a 1 year low of $175.12 and a 1 year high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 18.54 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.23 earnings per share. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.