Occudo Quantitative Strategies LP Takes $1.15 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Occudo Quantitative Strategies LP purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,530 shares of the financial services provider’s stock, valued at approximately $1,147,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JLL. Boston Trust Walden Corp increased its stake in shares of 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 acquiring an additional 5,663 shares during the period. Principal Securities Inc. increased its position 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 purchasing an additional 110 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $413,000. New Age Alpha Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $7,099,000. Finally, Oak Thistle LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $686,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JLL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. UBS Group decreased their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Raymond James lifted their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $315.83.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $239.64 on Wednesday. Jones Lang LaSalle Incorporated has a 12-month low of $192.94 and a 12-month high of $288.50. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 21.23 and a beta of 1.33. The company’s 50-day moving average is $232.61 and its two-hundred day moving average is $255.33. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

About Jones Lang LaSalle

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.