Centiva Capital LP Invests $2.23 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Centiva Capital LP bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,821 shares of the financial services provider's stock, valued at approximately $2,233,000.

Several other institutional investors also recently made changes to their positions in JLL. Hudson Edge Investment Partners Inc. grew its holdings in shares of 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 lifted its position in shares of Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after acquiring an additional 47 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares during the period. Bessemer Group Inc. increased its stake in Jones Lang LaSalle by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after purchasing an additional 50 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 purchasing an additional 51 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on JLL shares. JPMorgan Chase & Co. dropped their price objective 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 lowered 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 research report on Thursday, April 17th. Raymond James raised their target price on 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. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 5th. Finally, UBS Group lowered their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Five equities research 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 currently has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Stock Up 3.7%

JLL stock traded up $8.47 during midday trading on Monday, hitting $238.10. The stock had a trading volume of 92,814 shares, compared to its average volume of 321,103. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50. The business has a 50-day moving average of $233.57 and a two-hundred day moving average of $255.66. 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 firm has a market cap of $11.30 billion, a price-to-earnings ratio of 21.07 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 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $5.65 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. Jones Lang LaSalle's revenue was up 12.1% on a year-over-year basis. As a group, equities 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.