Cinctive Capital Management LP Takes $5.95 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Cinctive Capital Management LP purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,060 shares of the financial services provider’s stock, valued at approximately $5,952,000.

Other institutional investors have also added to or reduced their stakes in the company. Bamco Inc. NY raised its holdings in shares of Jones Lang LaSalle by 28.3% during the 3rd quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock worth $84,912,000 after acquiring an additional 69,380 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Jones Lang LaSalle during the third quarter valued at $4,231,000. Edgestream Partners L.P. bought a new position in Jones Lang LaSalle during the third quarter valued at $1,186,000. Walleye Capital LLC grew its stake in shares of Jones Lang LaSalle by 603.1% in the 3rd quarter. Walleye Capital LLC now owns 13,739 shares of the financial services provider’s stock worth $3,707,000 after buying an additional 11,785 shares in the last quarter. Finally, Vinva Investment Management Ltd bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $189,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $271.50.

Jones Lang LaSalle Stock Down 0.6 %

Shares of NYSE:JLL opened at $280.60 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The business has a 50 day simple moving average of $267.69 and a two-hundred day simple moving average of $240.83. Jones Lang LaSalle Incorporated has a 1 year low of $154.43 and a 1 year high of $288.50. The firm has a market capitalization of $13.31 billion, a PE ratio of 28.37 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 EPS. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

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.