CANADA LIFE ASSURANCE Co Buys 166 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

CANADA LIFE ASSURANCE Co increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,541 shares of the financial services provider’s stock after purchasing an additional 166 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Jones Lang LaSalle were worth $8,489,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $149,468,000. SG Americas Securities LLC grew its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after acquiring an additional 275,606 shares during the last quarter. Marshall Wace LLP increased its position in shares of Jones Lang LaSalle by 134.5% in the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider’s stock valued at $94,474,000 after acquiring an additional 214,087 shares during the period. William Blair Investment Management LLC bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $29,271,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after purchasing an additional 114,168 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 3.0 %

NYSE JLL opened at $204.78 on Tuesday. The stock’s fifty day moving average price is $246.20 and its 200-day moving average price is $259.33. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a market cap of $9.73 billion, a P/E ratio of 18.14 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12 month low of $175.12 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the previous year, the company earned $4.23 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on JLL shares. Raymond James upped their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. UBS Group decreased their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.