Versor Investments LP Raises Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Versor Investments LP increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 44.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,204 shares of the financial services provider’s stock after buying an additional 1,600 shares during the period. Versor Investments LP’s holdings in Jones Lang LaSalle were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its position in Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares during the period. State Street Corp grew its holdings in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after acquiring an additional 6,304 shares during the period. Wellington Management Group LLP raised its holdings in Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after purchasing an additional 53,066 shares during the last quarter. Geode Capital Management LLC boosted its position in Jones Lang LaSalle by 0.3% during the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after purchasing an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in shares of Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after purchasing an additional 62,700 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $270.89 on Thursday. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The stock has a market cap of $12.84 billion, a P/E ratio of 23.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm has a 50-day moving average of $265.16 and a two-hundred day moving average of $263.74.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the firm earned $4.23 EPS. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on JLL shares. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Raymond James upped their price target on shares of 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. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $309.00.

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.