Fox Run Management L.L.C. Acquires New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Fox Run Management L.L.C. bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,633 shares of the financial services provider’s stock, valued at approximately $413,000.

Other large investors have also made changes to their positions in the company. Commerce Bank purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $243,000. Cerity Partners LLC increased its position in Jones Lang LaSalle by 17.7% in the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock worth $548,000 after buying an additional 306 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Jones Lang LaSalle in the third quarter worth about $719,000. Loomis Sayles & Co. L P purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $2,053,000. Finally, FMR LLC grew its stake in shares of 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 valued at $952,624,000 after acquiring an additional 459,466 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $260.05 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The business has a 50 day simple moving average of $267.24 and a two-hundred day simple moving average of $264.75. The stock has a market capitalization of $12.32 billion, a PE ratio of 23.03 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 for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $4.23 earnings per share. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JLL. JPMorgan Chase & Co. lifted their price target on shares of 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 upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $309.00.

About Jones Lang LaSalle

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.