Headlands Technologies LLC Buys New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Headlands Technologies LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, HoldingsChannel reports. The firm acquired 668 shares of the financial services provider’s stock, valued at approximately $169,000.

A number of other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock valued at $240,190,000 after buying an additional 41,331 shares during the period. National Bank of Canada FI purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth $2,586,000. Franklin Resources Inc. grew its position in Jones Lang LaSalle by 14.1% during the fourth quarter. Franklin Resources Inc. now owns 131,751 shares of the financial services provider’s stock valued at $33,351,000 after acquiring an additional 16,249 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Jones Lang LaSalle by 25.0% in the 4th 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 during the period. Finally, Dorsey Wright & Associates grew its holdings in shares of Jones Lang LaSalle by 46.1% during the 4th quarter. Dorsey Wright & Associates now owns 23,159 shares of the financial services provider’s stock worth $5,862,000 after purchasing an additional 7,311 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 5.4 %

NYSE JLL opened at $219.47 on Friday. The company’s fifty day moving average price is $263.62 and its two-hundred day moving average price is $264.12. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 19.44 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. 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) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the firm earned $4.23 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on JLL. Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $309.00.

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.