ETRADE Capital Management LLC raised its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,937 shares of the financial services provider’s stock after acquiring an additional 540 shares during the quarter. ETRADE Capital Management LLC’s holdings in Jones Lang LaSalle were worth $1,331,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Jones Lang LaSalle by 814.6% in the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 725 shares during the period. Levin Capital Strategies L.P. purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $223,000. Magnetar Financial LLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at approximately $233,000. Toronto Dominion Bank raised its stake in Jones Lang LaSalle by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 1,913 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Timber Hill LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $237,000. 92.59% of the stock is owned by institutional investors and hedge funds.
Shares of Jones Lang LaSalle Inc (JLL) traded up $1.42 during midday trading on Friday, hitting $174.07. The stock had a trading volume of 431,102 shares, compared to its average volume of 311,125. Jones Lang LaSalle Inc has a twelve month low of $101.83 and a twelve month high of $174.55. The stock has a market capitalization of $7,803.55, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.34.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping the Zacks’ consensus estimate of $4.22 by $0.70. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm earned $3.95 earnings per share. research analysts expect that Jones Lang LaSalle Inc will post 9.85 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on JLL shares. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday, February 2nd. Barclays increased their target price on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Raymond James Financial assumed coverage on Jones Lang LaSalle in a report on Tuesday, February 6th. They set an “outperform” rating and a $175.00 target price on the stock. Finally, Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Monday, February 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $152.00.
In other Jones Lang LaSalle news, EVP Mark Ohringer sold 5,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $160.13, for a total value of $800,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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