Millennium Management LLC raised its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 43.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,851 shares of the financial services provider’s stock after purchasing an additional 74,750 shares during the period. Millennium Management LLC owned about 0.54% of Jones Lang LaSalle worth $36,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Advisory Services Network LLC raised its position in shares of Jones Lang LaSalle by 814.6% during the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 725 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $223,000. Magnetar Financial LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth about $233,000. Toronto Dominion Bank raised its position in shares of 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 worth $236,000 after acquiring an additional 1,357 shares in the last quarter. Finally, TradeLink Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $238,000. 92.23% of the stock is currently owned by institutional investors.
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 SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.
JLL has been the topic of several research analyst reports. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research report on Friday, February 2nd. Barclays raised their target price on Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Raymond James Financial initiated coverage on Jones Lang LaSalle in a research 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 price target on the stock in a research note on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $160.90.
NYSE:JLL traded down $1.69 during mid-day trading on Friday, reaching $171.81. 241,883 shares of the stock were exchanged, compared to its average volume of 382,853. The company has a market capitalization of $7,878.48, a PE ratio of 18.76, a P/E/G ratio of 1.59 and a beta of 1.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. Jones Lang LaSalle Inc has a 1 year low of $105.13 and a 1 year high of $178.75.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the business posted $3.95 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. sell-side analysts anticipate that Jones Lang LaSalle Inc will post 9.95 EPS for the current fiscal year.
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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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