Renaissance Technologies LLC Buys Shares of 49,589 Jones Lang LaSalle Incorporated (NYSE:JLL)

Renaissance Technologies LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 49,589 shares of the financial services provider’s stock, valued at approximately $12,553,000.

Several other large investors have also made changes to their positions in JLL. Private Trust Co. NA increased its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. R Squared Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter worth $35,000. Principal Securities Inc. increased its position in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after buying an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after buying an additional 72 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $214.95 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. The company has a market cap of $10.19 billion, a PE ratio of 19.04 and a beta of 1.22. The firm has a fifty day moving average price of $251.60 and a two-hundred day moving average price of $260.96. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter last year, the company earned $4.23 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on JLL shares. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. UBS Group reduced their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $323.33.

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.