Greenland Capital Management LP Invests $6.65 Million in Jones Lang LaSalle Incorporated $JLL

Greenland Capital Management LP bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 25,981 shares of the financial services provider’s stock, valued at approximately $6,645,000. Greenland Capital Management LP owned 0.05% of Jones Lang LaSalle at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JLL. EdgePoint Investment Group Inc. increased its holdings in shares of Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after purchasing an additional 195,818 shares in the last quarter. Select Equity Group L.P. grew its position in Jones Lang LaSalle by 50.7% during the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after buying an additional 357,469 shares during the period. Invesco Ltd. lifted its position in shares of Jones Lang LaSalle by 1.8% during the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock valued at $238,479,000 after acquiring an additional 17,336 shares during the period. Swedbank AB boosted its stake in shares of Jones Lang LaSalle by 115.0% during the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after acquiring an additional 501,716 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Jones Lang LaSalle by 21.6% in the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock valued at $135,911,000 after purchasing an additional 97,492 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on JLL shares. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $338.29.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $297.23 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 25.56 and a beta of 1.46. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $322.36. The company has a 50 day moving average price of $302.61 and a 200 day moving average price of $273.96.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same quarter last year, the business earned $3.50 EPS. Jones Lang LaSalle’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate 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.