Polymer Capital Management US LLC Makes New $755,000 Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Polymer Capital Management US LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,984 shares of the financial services provider's stock, valued at approximately $755,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JLL. Private Trust Co. NA increased its holdings in Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. R Squared Ltd purchased a new position in Jones Lang LaSalle in the fourth quarter worth about $35,000. Principal Securities Inc. raised its holdings in Jones Lang LaSalle by 166.7% during 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 during the period. MassMutual Private Wealth & Trust FSB boosted its stake in 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 buying an additional 51 shares during the period. Finally, V Square Quantitative Management LLC increased its position in Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 72 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on JLL shares. UBS Group decreased 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 lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday. Raymond James raised their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Buy" and an average price target of $323.33.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded down $2.48 during trading hours on Friday, hitting $210.83. 402,770 shares of the stock traded hands, compared to its average volume of 311,881. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22. 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 firm's 50 day moving average price is $254.37 and its 200-day moving average price is $261.71.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued 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. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.23 EPS. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

About Jones Lang LaSalle

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.