Trexquant Investment LP Purchases Shares of 5,548 Jones Lang LaSalle Incorporated (NYSE:JLL)

Trexquant Investment LP purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, Holdings Channel reports. The firm purchased 5,548 shares of the financial services provider’s stock, valued at approximately $1,404,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $169,000. Geode Capital Management LLC boosted its holdings in Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock worth $240,190,000 after buying an additional 41,331 shares in the last quarter. National Bank of Canada FI bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $2,586,000. Franklin Resources Inc. boosted its holdings in Jones Lang LaSalle by 14.1% during the fourth quarter. Franklin Resources Inc. now owns 131,751 shares of the financial services provider’s stock worth $33,351,000 after buying an additional 16,249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after buying an additional 50 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 7.9 %

Shares of JLL stock opened at $224.47 on Thursday. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a market capitalization of $10.64 billion, a P/E ratio of 19.88 and a beta of 1.22. The firm has a 50-day moving average price of $256.98 and a 200 day moving average price of $262.49. 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 (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the firm posted $4.23 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

JLL has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $309.00.

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.