Quantbot Technologies LP Invests $1.37 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Quantbot Technologies LP bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 5,395 shares of the financial services provider’s stock, valued at approximately $1,366,000.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after buying an additional 459,466 shares in the last quarter. SG Americas Securities LLC grew its holdings in Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after acquiring an additional 275,606 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $29,271,000. Allspring Global Investments Holdings LLC lifted its position in shares of Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after purchasing an additional 114,168 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth $26,487,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JLL. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $260.06 on Tuesday. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 23.03 and a beta of 1.36. The firm’s fifty day simple moving average is $266.84 and its 200-day simple moving average is $264.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the prior year, the company earned $4.23 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. As a group, equities 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.