Bridgefront Capital LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Bridgefront Capital LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,172 shares of the financial services provider's stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hudson Edge Investment Partners Inc. increased its holdings in Jones Lang LaSalle by 3.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after purchasing an additional 40 shares in the last quarter. Greenleaf Trust increased its holdings in Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after acquiring an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares during the period. Bessemer Group Inc. grew its stake in Jones Lang LaSalle by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after buying an additional 50 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Jones Lang LaSalle by 35.7% during the 4th 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 during the period. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on JLL shares. JPMorgan Chase & Co. reduced their price objective 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. UBS Group dropped their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Stock Performance

Shares of JLL traded up $1.87 on Friday, reaching $229.64. The company's stock had a trading volume of 311,287 shares, compared to its average volume of 322,001. Jones Lang LaSalle Incorporated has a 12-month low of $192.94 and a 12-month high of $288.50. The stock's 50 day simple moving average is $233.57 and its two-hundred day simple moving average is $255.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market capitalization of $10.90 billion, a P/E ratio of 20.34 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping 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 analyst estimates of $5.65 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.