Y Intercept Hong Kong Ltd Acquires New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Y Intercept Hong Kong Ltd acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,315 shares of the financial services provider's stock, valued at approximately $839,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Huntington National Bank increased its position in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock worth $55,000 after purchasing an additional 38 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its position in shares of Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after purchasing an additional 40 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock worth $371,000 after acquiring an additional 47 shares during the period. Greenleaf Trust raised its position in Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of 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 in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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Jones Lang LaSalle Stock Performance

NYSE JLL traded down $5.39 on Monday, reaching $266.50. The stock had a trading volume of 235,187 shares, compared to its average volume of 289,897. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The stock has a market cap of $12.63 billion, a P/E ratio of 23.60 and a beta of 1.36. The business's 50-day moving average price is $265.94 and its 200 day moving average price is $264.31. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $309.00.

Jones Lang LaSalle 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.