Graham Capital Management L.P. Acquires Shares of 1,682 Jones Lang LaSalle Incorporated (NYSE:JLL)

Graham Capital Management L.P. bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,682 shares of the financial services provider's stock, valued at approximately $426,000.

Several other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in Jones Lang LaSalle during the fourth quarter worth about $149,468,000. SG Americas Securities LLC lifted its holdings in shares of 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 worth $70,643,000 after acquiring an additional 275,606 shares during the period. Marshall Wace LLP boosted its position in shares of Jones Lang LaSalle by 134.5% in the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after acquiring an additional 214,087 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $29,271,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Jones Lang LaSalle by 688.4% during the fourth 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 period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price objective 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. Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price objective 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, UBS Group cut their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Stock Down 0.9%

JLL traded down $1.88 during trading hours on Thursday, reaching $213.55. 115,669 shares of the stock traded hands, compared to its average volume of 372,250. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 18.91 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm's fifty day simple moving average is $230.69 and its two-hundred day simple moving average is $253.76.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.