111 Capital Purchases New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

111 Capital bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,935 shares of the financial services provider's stock, valued at approximately $490,000.

Other hedge funds have also bought and sold shares of the company. Boston Trust Walden Corp lifted its holdings in Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after acquiring an additional 5,663 shares during the period. Principal Securities Inc. lifted its holdings in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the period. Fox Run Management L.L.C. bought a new position in Jones Lang LaSalle in the fourth quarter valued at about $413,000. New Age Alpha Advisors LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at about $7,099,000. Finally, Sanctuary Advisors LLC lifted its holdings in Jones Lang LaSalle by 7.2% in the fourth quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider's stock valued at $762,000 after acquiring an additional 201 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Citigroup reduced their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price target on 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. Finally, UBS Group reduced their price target 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. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of "Buy" and a consensus price target of $305.00.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $3.95 during trading on Tuesday, hitting $225.01. 493,430 shares of the company's stock were exchanged, compared to its average volume of 331,063. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $288.50. The business's 50-day simple moving average is $224.59 and its 200 day simple moving average is $250.69. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 19.93 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter last year, the business posted $1.78 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.