49,589 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,589 shares of the financial services provider's stock, valued at approximately $12,553,000. Renaissance Technologies LLC owned approximately 0.10% of Jones Lang LaSalle at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp lifted its position in shares of 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 purchasing an additional 5,663 shares during the last quarter. Principal Securities Inc. grew its position 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 worth $45,000 after acquiring an additional 110 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Jones Lang LaSalle in the fourth quarter worth $413,000. New Age Alpha Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $7,099,000. Finally, Diversified Trust Co acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $567,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

JLL traded up $0.06 during trading on Friday, hitting $210.71. The company's stock had a trading volume of 401,615 shares, compared to its average volume of 314,936. Jones Lang LaSalle Incorporated has a 12 month low of $174.08 and a 12 month high of $288.50. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.66 and a beta of 1.22. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average price is $247.53 and its two-hundred day moving average price is $259.82.

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, beating analysts' consensus estimates 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 net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday. UBS Group decreased their price target 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. Finally, Raymond James upped 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. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $315.83.

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.