Crestline Management LP Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Crestline Management LP purchased a new stake 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 firm purchased 16,199 shares of the financial services provider's stock, valued at approximately $4,101,000.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Jones Lang LaSalle by 0.9% during the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after acquiring an additional 8,274 shares in the last quarter. Geode Capital Management LLC grew its position in Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after purchasing an additional 41,331 shares during the last quarter. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth approximately $149,468,000. Arrowstreet Capital Limited Partnership lifted its stake in Jones Lang LaSalle by 13.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after purchasing an additional 65,407 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Jones Lang LaSalle by 1.3% during the fourth quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock valued at $114,099,000 after purchasing an additional 5,572 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JLL. Raymond James upped 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. Keefe, Bruyette & Woods cut 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 report on Thursday, April 17th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. UBS Group lowered their price objective 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. Finally, JPMorgan Chase & Co. lowered 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 report on Thursday, April 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $9.62 during trading hours on Monday, reaching $239.25. 101,418 shares of the stock were exchanged, compared to its average volume of 321,165. The company has a market cap of $11.36 billion, a P/E ratio of 21.22 and a beta of 1.33. 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 twelve month low of $192.94 and a twelve month high of $288.50. The stock has a 50 day moving average of $233.57 and a two-hundred day moving average of $255.66.

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, beating 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 company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company posted $1.78 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.