Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 146.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 335,451 shares of the financial services provider’s stock after purchasing an additional 199,197 shares during the quarter. Millennium Management LLC owned 0.71% of Jones Lang LaSalle worth $84,916,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at approximately $35,000. Principal Securities Inc. raised its stake 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 72 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the topic of a number of research analyst reports. UBS Group decreased their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on 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. Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $315.83.

Jones Lang LaSalle Stock Down 1.4%

Shares of NYSE:JLL opened at $236.28 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $11.22 billion, a P/E ratio of 20.93 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50. The stock’s fifty day simple moving average is $232.33 and its 200-day simple moving average is $255.20.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates 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 revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 earnings per share. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.