Trexquant Investment LP Purchases New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Trexquant Investment LP acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,548 shares of the financial services provider's stock, valued at approximately $1,404,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after buying an additional 40 shares in the last quarter. Greenleaf Trust grew its holdings in Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Jones Lang LaSalle by 112.0% in the 4th 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. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday. UBS Group lowered 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. JPMorgan Chase & Co. reduced their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Raymond James boosted their price target 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $323.33.

Jones Lang LaSalle Stock Performance

JLL traded up $3.19 during midday trading on Tuesday, hitting $218.41. 94,881 shares of the company were exchanged, compared to its average volume of 311,456. The company's 50 day simple moving average is $252.96 and its 200 day simple moving average is $261.28. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 19.35 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

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 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%. Jones Lang LaSalle's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $4.23 earnings per share. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current 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.