Boothbay Fund Management LLC Buys Shares of 1,095 Jones Lang LaSalle Incorporated (NYSE:JLL)

Boothbay Fund Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,095 shares of the financial services provider's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also bought and sold shares of JLL. Lord Abbett & CO. LLC lifted its stake in shares of Jones Lang LaSalle by 5.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 95,000 shares of the financial services provider's stock worth $24,048,000 after buying an additional 5,000 shares during the last quarter. Hancock Whitney Corp increased its stake in shares of Jones Lang LaSalle by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock valued at $1,086,000 after purchasing an additional 55 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Jones Lang LaSalle by 15.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 110,000 shares of the financial services provider's stock valued at $27,845,000 after buying an additional 15,000 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Jones Lang LaSalle by 12.5% in the 4th quarter. Pinebridge Investments L.P. now owns 42,010 shares of the financial services provider's stock valued at $10,634,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in Jones Lang LaSalle by 116.8% during the 4th quarter. Hsbc Holdings PLC now owns 33,679 shares of the financial services provider's stock worth $8,502,000 after purchasing an additional 18,145 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday. Keefe, Bruyette & Woods reduced their price target 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 boosted their price objective 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, JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Stock Down 0.8 %

Shares of JLL traded down $1.86 during midday trading on Thursday, reaching $226.30. 129,070 shares of the stock were exchanged, compared to its average volume of 319,847. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52 week low of $186.50 and a 52 week high of $288.50. The company's 50 day moving average is $234.99 and its two-hundred day moving average is $256.30. The company has a market capitalization of $10.75 billion, a P/E ratio of 20.04 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $1.78 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.