Alyeska Investment Group L.P. Acquires New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Alyeska Investment Group L.P. bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 96,398 shares of the financial services provider's stock, valued at approximately $24,402,000. Alyeska Investment Group L.P. owned about 0.20% of Jones Lang LaSalle at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JLL. Wilmington Savings Fund Society FSB bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $146,000. Tidal Investments LLC bought a new stake in Jones Lang LaSalle during the third quarter worth $218,000. JPMorgan Chase & Co. lifted its stake in Jones Lang LaSalle by 39.1% in the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider's stock valued at $53,073,000 after acquiring an additional 55,322 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Jones Lang LaSalle by 16.3% in the 4th quarter. GAMMA Investing LLC now owns 842 shares of the financial services provider's stock valued at $213,000 after acquiring an additional 118 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $306,000. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $1.87 during mid-day trading on Friday, reaching $229.64. 311,287 shares of the company's stock were exchanged, compared to its average volume of 321,548. 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 has a market capitalization of $10.91 billion, a PE ratio of 20.34 and a beta of 1.33. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The business's fifty day simple moving average is $233.57 and its two-hundred day simple moving average is $255.82.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price target 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. Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Finally, UBS Group decreased their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.