Algert Global LLC Acquires 16,345 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Algert Global LLC grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 60.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,233 shares of the financial services provider's stock after purchasing an additional 16,345 shares during the quarter. Algert Global LLC owned approximately 0.09% of Jones Lang LaSalle worth $10,944,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JLL. Alyeska Investment Group L.P. purchased a new position in Jones Lang LaSalle in the 4th quarter worth $24,402,000. Freestone Grove Partners LP purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $201,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 1,157.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,437 shares of the financial services provider's stock valued at $5,173,000 after acquiring an additional 18,812 shares during the last quarter. AQR Capital Management LLC grew its position in Jones Lang LaSalle by 146.4% during the 4th quarter. AQR Capital Management LLC now owns 177,687 shares of the financial services provider's stock worth $44,980,000 after acquiring an additional 105,580 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Jones Lang LaSalle by 1.3% in the fourth quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock valued at $114,099,000 after purchasing an additional 5,572 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Up 0.6 %

Shares of NYSE:JLL traded up $1.42 during midday trading on Friday, reaching $229.19. The company's stock had a trading volume of 135,421 shares, compared to its average volume of 370,632. Jones Lang LaSalle Incorporated has a 12-month low of $192.94 and a 12-month high of $288.50. The firm has a market capitalization of $10.89 billion, a P/E ratio of 20.30 and a beta of 1.33. The firm has a 50 day moving average of $234.22 and a 200-day moving average of $256.04. 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 (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on JLL shares. UBS Group decreased their target price 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. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday. Raymond James boosted 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. JPMorgan Chase & Co. cut their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods cut 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 research note on Thursday, April 17th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle 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.