Occudo Quantitative Strategies LP Buys Shares of 4,530 Jones Lang LaSalle Incorporated (NYSE:JLL)

Occudo Quantitative Strategies LP bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,530 shares of the financial services provider’s stock, valued at approximately $1,147,000.

A number of other hedge funds have also added to or reduced their stakes in JLL. Mubadala Investment Co PJSC bought a new position in Jones Lang LaSalle in the fourth quarter worth approximately $2,316,000. Millennium Management LLC lifted its holdings in shares of Jones Lang LaSalle by 146.2% in the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider’s stock worth $84,916,000 after buying an additional 199,197 shares during the period. Lazard Asset Management LLC grew its position in shares of Jones Lang LaSalle by 41.9% during the 4th quarter. Lazard Asset Management LLC now owns 5,210 shares of the financial services provider’s stock worth $1,317,000 after buying an additional 1,538 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $21,625,000. Finally, Governors Lane LP raised its holdings in shares of Jones Lang LaSalle by 90.6% in the fourth quarter. Governors Lane LP now owns 99,295 shares of the financial services provider’s stock valued at $25,136,000 after acquiring an additional 47,200 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

JLL opened at $239.64 on Wednesday. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 21.23 and a beta of 1.33. The firm’s fifty day simple moving average is $232.61 and its two-hundred day simple moving average is $255.33. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50.

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 for the quarter, beating analysts’ consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the firm posted $1.78 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Company 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.