Arrowstreet Capital Limited Partnership Buys 65,407 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Arrowstreet Capital Limited Partnership increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 13.7% during the 4th quarter, Holdings Channel reports. The fund owned 542,675 shares of the financial services provider’s stock after buying an additional 65,407 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Jones Lang LaSalle were worth $137,373,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. grew 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 during the period. Greenleaf Trust lifted its holdings in Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares in the last quarter. Private Trust Co. NA raised its position in shares of 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 worth $27,000 after purchasing an additional 56 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Jones Lang LaSalle by 11.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $245.52 on Monday. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 21.75 and a beta of 1.36. The stock’s 50 day moving average price is $266.72 and its two-hundred day moving average price is $264.69. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) 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 business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the business earned $4.23 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts anticipate 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.