Blueshift Asset Management LLC Invests $309,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

Blueshift Asset Management LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,221 shares of the financial services provider’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA lifted its stake 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 valued at $27,000 after purchasing an additional 56 shares during the period. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle in the third quarter valued at about $34,000. R Squared Ltd bought a new position in Jones Lang LaSalle during the fourth quarter worth about $35,000. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of analyst reports. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Raymond James boosted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Six investment 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, the stock currently has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $250.52 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 22.19 and a beta of 1.36. The stock’s 50-day moving average is $266.39 and its 200-day moving average is $264.37. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.23 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle 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.