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

Arrowstreet Capital Limited Partnership lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,675 shares of the financial services provider’s stock after purchasing an additional 65,407 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.14% of Jones Lang LaSalle worth $137,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Jones Lang LaSalle by 3.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 40 shares during the period. Greenleaf Trust lifted its stake 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 purchasing an additional 47 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 valued at $49,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Jones Lang LaSalle by 11.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider’s stock worth $159,000 after buying an additional 59 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 2.0 %

NYSE JLL opened at $245.52 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The stock has a market capitalization of $11.64 billion, a P/E ratio of 21.75 and a beta of 1.36. The stock has a fifty day moving average of $266.72 and a 200-day moving average of $264.69.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the previous year, the business posted $4.23 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group assumed 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. Finally, JPMorgan Chase & Co. lifted 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.