Tribune Investment Group LP Invests $8.35 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Tribune Investment Group LP acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,000 shares of the financial services provider's stock, valued at approximately $8,354,000. Jones Lang LaSalle accounts for about 4.7% of Tribune Investment Group LP's portfolio, making the stock its 9th largest holding. Tribune Investment Group LP owned about 0.07% of Jones Lang LaSalle at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Trust Walden Corp boosted its holdings in Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after acquiring an additional 5,663 shares during the period. Principal Securities Inc. lifted 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 during the last quarter. Fox Run Management L.L.C. purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at $413,000. New Age Alpha Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $7,099,000. Finally, Diversified Trust Co purchased a new position in Jones Lang LaSalle during the fourth quarter worth about $567,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on shares of 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. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. UBS Group lowered their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Stock Up 0.0 %

NYSE:JLL traded up $0.06 during trading hours on Friday, reaching $210.71. 401,615 shares of the stock were exchanged, compared to its average volume of 314,784. Jones Lang LaSalle Incorporated has a twelve month low of $173.44 and a twelve month high of $288.50. The firm has a 50 day moving average of $248.86 and a 200 day moving average of $260.20. The stock has a market cap of $9.99 billion, a PE ratio of 18.66 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.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted 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. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the company earned $4.23 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. On average, equities analysts expect 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.