Squarepoint Ops LLC Purchases New Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Squarepoint Ops LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,331 shares of the financial services provider's stock, valued at approximately $590,000.

Other hedge funds also recently bought and sold shares of the company. EdgePoint Investment Group Inc. lifted its stake in shares of Jones Lang LaSalle by 5.7% in the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock valued at $415,030,000 after buying an additional 88,479 shares during the period. Invesco Ltd. lifted its stake in shares of Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after buying an additional 8,274 shares during the period. Geode Capital Management LLC lifted its stake in shares of Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after buying an additional 41,331 shares during the period. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $149,468,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Jones Lang LaSalle by 13.7% in 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 buying an additional 65,407 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded up $0.62 during mid-day trading on Thursday, hitting $229.88. 444,771 shares of the stock were exchanged, compared to its average volume of 332,309. The company has a market cap of $10.91 billion, a P/E ratio of 20.36 and a beta of 1.33. The stock's fifty day simple moving average is $224.28 and its two-hundred day simple moving average is $250.55. 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 twelve month low of $194.36 and a twelve month 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. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JLL shares. JPMorgan Chase & Co. cut their price target on shares of 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. UBS Group cut their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Citigroup cut their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. 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 research note on Thursday, April 17th. Finally, Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. One 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $305.00.

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.