Convergence Investment Partners LLC Grows Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Convergence Investment Partners LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,001 shares of the financial services provider’s stock after buying an additional 295 shares during the period. Convergence Investment Partners LLC’s holdings in Jones Lang LaSalle were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after purchasing an additional 5,663 shares in the last quarter. Dorsey Wright & Associates purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Diversified Trust Co purchased a new position in Jones Lang LaSalle during the fourth quarter worth $567,000. Finally, Private Client Services LLC purchased a new position in Jones Lang LaSalle during the fourth quarter worth $1,817,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on JLL shares. Raymond James lifted their price objective on 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 initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Wolfe Research raised 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 report on Monday, November 25th. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Down 0.9 %

Shares of Jones Lang LaSalle stock opened at $279.36 on Thursday. The company has a fifty day moving average price of $265.28 and a 200 day moving average price of $262.62. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 28.25 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business 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 8.95% and a net margin of 2.12%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.23 earnings per share. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 13.63 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.