Canada Pension Plan Investment Board Purchases 3,500 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Canada Pension Plan Investment Board lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,400 shares of the financial services provider’s stock after purchasing an additional 3,500 shares during the period. Canada Pension Plan Investment Board owned 0.16% of Jones Lang LaSalle worth $19,340,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Boston Trust Walden Corp increased its stake in shares of Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after buying an additional 5,663 shares during the period. Principal Securities Inc. increased its position in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares during the period. Fox Run Management L.L.C. bought a new position in Jones Lang LaSalle in the 4th quarter worth $413,000. New Age Alpha Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $7,099,000. Finally, Diversified Trust Co purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $567,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.0 %

Shares of NYSE JLL opened at $210.71 on Friday. The company has a market cap of $9.99 billion, a PE ratio of 18.66 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm’s 50 day moving average price is $247.53 and its 200-day moving average price is $259.76. Jones Lang LaSalle Incorporated has a 52-week low of $175.12 and a 52-week high of $288.50.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JLL shares. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. UBS Group decreased their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Finally, Raymond James upped their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $315.83.

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.