Centiva Capital LP Acquires New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in Jones Lang LaSalle in the fourth quarter valued at about $149,468,000. SG Americas Securities LLC increased its stake in Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock valued at $70,643,000 after buying an additional 275,606 shares during the period. Marshall Wace LLP raised its holdings in Jones Lang LaSalle by 134.5% during the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after purchasing an additional 214,087 shares in the last quarter. William Blair Investment Management LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at about $29,271,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock worth $32,603,000 after purchasing an additional 114,168 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JLL. 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 report on Friday, January 24th. JPMorgan Chase & Co. lowered their target price 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 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. UBS Group decreased their target price on 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. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $1.87 during mid-day trading on Friday, reaching $229.64. The company's stock had a trading volume of 311,287 shares, compared to its average volume of 321,548. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm's 50-day moving average is $233.57 and its two-hundred day moving average is $255.82. The company has a market cap of $10.91 billion, a P/E ratio of 20.34 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 1-year low of $192.94 and a 1-year high of $288.50.

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 earnings per share 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 company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.