Governors Lane LP Purchases 47,200 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Governors Lane LP increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 90.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 99,295 shares of the financial services provider’s stock after buying an additional 47,200 shares during the period. Jones Lang LaSalle makes up 2.0% of Governors Lane LP’s holdings, making the stock its 18th biggest holding. Governors Lane LP’s holdings in Jones Lang LaSalle were worth $25,136,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Graham Capital Management L.P. acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $426,000. EdgePoint Investment Group Inc. lifted its stake in Jones Lang LaSalle by 5.7% in the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider’s stock valued at $415,030,000 after buying an additional 88,479 shares during the period. Ellevest Inc. boosted its holdings in shares of Jones Lang LaSalle by 3.7% during the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider’s stock worth $336,000 after buying an additional 47 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Jones Lang LaSalle by 11.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 17,076 shares of the financial services provider’s stock worth $4,323,000 after buying an additional 1,735 shares during the period. Finally, Ethic Inc. lifted its position in shares of Jones Lang LaSalle by 14.7% during the 4th quarter. Ethic Inc. now owns 6,479 shares of the financial services provider’s stock valued at $1,640,000 after acquiring an additional 829 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.8 %

JLL opened at $229.64 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The firm has a market capitalization of $10.91 billion, a P/E ratio of 20.34 and a beta of 1.33. The company’s 50-day moving average is $233.57 and its 200 day moving average is $255.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the company posted $1.78 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. 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 research report on Friday, April 11th. 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. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, April 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.