Tribune Investment Group LP Invests $8.35 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Tribune Investment Group LP purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,000 shares of the financial services provider’s stock, valued at approximately $8,354,000. Jones Lang LaSalle accounts for 4.7% of Tribune Investment Group LP’s portfolio, making the stock its 9th biggest holding.

Several other large investors have also recently added to or reduced their stakes in JLL. Private Trust Co. NA raised its position in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. R Squared Ltd purchased a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $35,000. Principal Securities Inc. lifted its stake in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 72 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Raymond James lifted their price target on 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. UBS Group cut their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $323.33.

Jones Lang LaSalle Trading Down 1.2 %

NYSE JLL opened at $210.83 on Monday. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company’s fifty day moving average price is $254.37 and its two-hundred day moving average price is $261.64. 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 earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.23 EPS. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle 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.