Jones Lang LaSalle Incorporated (NYSE:JLL) Position Lifted by Arjuna Capital

Arjuna Capital raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 140.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,475 shares of the financial services provider’s stock after acquiring an additional 1,445 shares during the period. Arjuna Capital’s holdings in Jones Lang LaSalle were worth $627,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JLL. FMR LLC raised its stake in 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 valued at $952,624,000 after buying an additional 459,466 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after acquiring an additional 275,606 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 valued at $32,603,000 after acquiring an additional 114,168 shares in the last quarter. Raymond James Financial Inc. bought a new position in Jones Lang LaSalle during the fourth quarter worth $26,487,000. Finally, Lord Abbett & CO. LLC bought a new stake in Jones Lang LaSalle during the third quarter valued at $24,283,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 2.6 %

JLL opened at $250.29 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. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The stock’s 50 day moving average price is $266.68 and its 200 day moving average price is $264.57. The stock has a market cap of $11.86 billion, a P/E ratio of 22.17 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.23 earnings per share. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

JLL has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group initiated 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 on the stock. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Wolfe Research upgraded 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. Finally, Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average target price of $309.00.

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.