Intech Investment Management LLC Buys 47,248 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Intech Investment Management LLC grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 165.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,855 shares of the financial services provider’s stock after acquiring an additional 47,248 shares during the quarter. Intech Investment Management LLC owned 0.16% of Jones Lang LaSalle worth $19,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA raised its stake in Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $34,000. R Squared Ltd bought a new position in Jones Lang LaSalle in the fourth quarter worth $35,000. Principal Securities Inc. raised its holdings in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 acquiring an additional 51 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 1.5 %

Shares of NYSE JLL opened at $253.70 on Tuesday. The stock has a market cap of $12.02 billion, a PE ratio of 22.47 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The business has a 50-day moving average price of $265.94 and a 200 day moving average price of $264.61.

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

Analyst Upgrades and Downgrades

JLL has been the topic of several recent analyst reports. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday. Seven 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, the stock has an average rating of “Buy” and a consensus target price of $309.00.

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.