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

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

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Jones Lang LaSalle by 264.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 95,426 shares of the financial services provider's stock valued at $24,156,000 after acquiring an additional 69,273 shares during the period. Ritholtz Wealth Management grew its stake in shares of Jones Lang LaSalle by 48.2% in the fourth quarter. Ritholtz Wealth Management now owns 3,121 shares of the financial services provider's stock worth $790,000 after acquiring an additional 1,015 shares in the last quarter. Shelton Wealth Management LLC raised its stake in shares of Jones Lang LaSalle by 10.0% in the fourth quarter. Shelton Wealth Management LLC now owns 3,035 shares of the financial services provider's stock valued at $768,000 after acquiring an additional 275 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after purchasing an additional 62,700 shares during the period. Finally, Polianta Ltd increased its holdings in Jones Lang LaSalle by 9.3% during the 4th quarter. Polianta Ltd now owns 4,700 shares of the financial services provider's stock worth $1,189,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded down $2.90 on Tuesday, hitting $228.52. The stock had a trading volume of 470,868 shares, compared to its average volume of 323,929. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 20.24 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 52-week low of $192.94 and a 52-week high of $288.50. The company's 50 day moving average price is $231.58 and its 200 day moving average price is $254.20.

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, topping the consensus estimate 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered 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. UBS Group decreased their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and an average target price of $315.83.

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.