Caxton Associates LP Makes New $1.59 Million Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Caxton Associates LP acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,270 shares of the financial services provider's stock, valued at approximately $1,587,000.

Several other large investors also recently modified their holdings of JLL. Hudson Edge Investment Partners Inc. lifted its position in Jones Lang LaSalle by 3.1% during the fourth 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 during the period. Greenleaf Trust grew its stake in shares of Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after buying an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Jones Lang LaSalle by 25.0% during the fourth 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 in the last quarter. Bessemer Group Inc. lifted its stake in shares of 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 acquiring an additional 50 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position 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 worth $49,000 after acquiring an additional 51 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Up 0.8 %

Shares of Jones Lang LaSalle stock traded up $1.87 on Friday, reaching $229.64. 311,287 shares of the company's stock were exchanged, compared to its average volume of 322,001. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 52 week low of $192.94 and a 52 week high of $288.50. The firm's 50-day moving average is $233.57 and its two-hundred day moving average is $255.78. The company 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 issued its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 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 company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the business posted $1.78 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on 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. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. Raymond James increased their price target on 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, UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $315.83.

About Jones Lang LaSalle

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.