FJ Capital Management LLC Grows Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

FJ Capital Management LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 23.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,964 shares of the financial services provider's stock after acquiring an additional 3,631 shares during the quarter. FJ Capital Management LLC's holdings in Jones Lang LaSalle were worth $4,801,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Jones Lang LaSalle during the 4th quarter valued at $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 purchasing an additional 275,606 shares in the last quarter. Marshall Wace LLP increased its stake in Jones Lang LaSalle by 134.5% during the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock valued at $94,474,000 after purchasing an additional 214,087 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Jones Lang LaSalle during the 4th quarter valued at $29,271,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after purchasing an additional 114,168 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $1.87 during midday trading on Friday, reaching $229.64. The company had a trading volume of 311,287 shares, compared to its average volume of 322,001. The company's 50 day moving average price is $233.57 and its 200 day moving average price is $255.66. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.90 billion, a P/E ratio of 20.34 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly 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. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JLL. UBS Group decreased 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. Keefe, Bruyette & Woods reduced their target price 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. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their target price 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. Finally, Raymond James upped their target price on shares of 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. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $315.83.

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.