Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,600 shares of the financial services provider’s stock, valued at approximately $389,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Growth Management LP bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at about $46,168,000. BlackRock Inc. raised its holdings in shares of Jones Lang LaSalle by 4.7% in the fourth quarter. BlackRock Inc. now owns 4,460,055 shares of the financial services provider’s stock valued at $664,236,000 after buying an additional 202,060 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at about $22,347,000. Prudential Financial Inc. increased its position in Jones Lang LaSalle by 51.5% in the third quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock worth $42,575,000 after purchasing an additional 117,160 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Jones Lang LaSalle in the fourth quarter worth about $13,664,000. 92.40% of the stock is owned by institutional investors.
Jones Lang LaSalle Inc (NYSE JLL) opened at $158.24 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.60. Jones Lang LaSalle Inc has a 12-month low of $101.83 and a 12-month high of $160.69. The stock has a market capitalization of $7,179.50, a P/E ratio of 28.51, a P/E/G ratio of 1.46 and a beta of 1.85.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the firm earned $3.95 EPS. Jones Lang LaSalle’s quarterly revenue was up 17.5% compared to the same quarter last year. research analysts anticipate that Jones Lang LaSalle Inc will post 9.85 earnings per share for the current fiscal year.
In related news, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the transaction, the director now directly owns 35 shares in the company, valued at approximately $5,226.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by insiders.
A number of analysts recently commented on the company. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Barclays lifted their price objective on Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Wedbush set a $158.00 price objective on Jones Lang LaSalle and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Monday, February 5th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $151.38.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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