Cornerstone Capital Management Holdings LLC. increased its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 1,441.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,319 shares of the financial services provider’s stock after purchasing an additional 103,164 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.24% of Jones Lang LaSalle worth $16,429,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Advisory Services Network LLC lifted its holdings in Jones Lang LaSalle by 814.6% in the fourth quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock valued at $121,000 after buying an additional 725 shares during the period. Levin Capital Strategies L.P. acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $223,000. TradeLink Capital LLC acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $238,000. Magnetar Financial LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at $233,000. Finally, Toronto Dominion Bank lifted its holdings in Jones Lang LaSalle by 244.1% in the third quarter. Toronto Dominion Bank now owns 1,913 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,357 shares during the period. 92.23% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. Barclays upped their price objective on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Raymond James Financial initiated coverage on shares of Jones Lang LaSalle in a report on Tuesday, February 6th. They set an “outperform” rating and a $175.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $158.50.
JLL stock traded down $2.84 during trading on Friday, reaching $171.34. The stock had a trading volume of 377,805 shares, compared to its average volume of 378,373. Jones Lang LaSalle Inc has a one year low of $103.58 and a one year high of $178.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $7,909.35, a price-to-earnings ratio of 18.71, a PEG ratio of 1.59 and a beta of 1.65.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm posted $3.95 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. sell-side analysts forecast that Jones Lang LaSalle Inc will post 9.95 EPS for the current fiscal year.
In other news, EVP Mark Ohringer sold 5,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $160.13, for a total transaction of $800,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by corporate insiders.
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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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