Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,600 shares of the financial services provider’s stock, valued at approximately $389,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC raised its position in Jones Lang LaSalle by 814.6% during the fourth quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 725 shares in the last quarter. Parametrica Management Ltd bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $212,000. Levin Capital Strategies L.P. bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $223,000. Magnetar Financial LLC bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $233,000. Finally, Toronto Dominion Bank raised its position in Jones Lang LaSalle by 244.1% during the third quarter. Toronto Dominion Bank now owns 1,913 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 1,357 shares in the last quarter. 92.40% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the sale, the director now owns 35 shares in the company, valued at $5,226.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.
Shares of Jones Lang LaSalle Inc (NYSE JLL) opened at $158.24 on Tuesday. The stock has a market cap of $7,179.50, a price-to-earnings ratio of 28.51, a PEG ratio of 1.46 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.60. Jones Lang LaSalle Inc has a 52 week low of $101.83 and a 52 week high of $160.69.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.70. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.29 billion. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. Jones Lang LaSalle’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $3.95 earnings per share. research analysts expect that Jones Lang LaSalle Inc will post 9.85 EPS for the current year.
Several brokerages recently weighed in on JLL. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays increased their price target on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. JMP Securities downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Jones Lang LaSalle has an average rating of “Buy” and an average target price of $151.38.
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Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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