Headlands Technologies LLC Buys Shares of 668 Jones Lang LaSalle Incorporated (NYSE:JLL)

Headlands Technologies 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 and Exchange Commission. The fund acquired 668 shares of the financial services provider’s stock, valued at approximately $169,000.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Boston Trust Walden Corp increased its stake in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after purchasing an additional 5,663 shares during the period. Dorsey Wright & Associates purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $4,276,000. Principal Securities Inc. increased its stake in 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, Fox Run Management L.L.C. purchased a new position in Jones Lang LaSalle in the 4th quarter valued at approximately $413,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JLL shares. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Raymond James boosted their target price on shares of 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. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. 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 company has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Down 5.4 %

Shares of Jones Lang LaSalle stock opened at $219.47 on Friday. The company has a market cap of $10.40 billion, a P/E ratio of 19.44 and a beta of 1.22. The firm has a fifty day moving average of $263.62 and a two-hundred day moving average of $264.12. 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 one year low of $171.45 and a one year high of $288.50.

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 analysts’ consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.23 earnings per share. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.