Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Conversant Capital LLC

Conversant Capital LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,000 shares of the financial services provider's stock after purchasing an additional 28,000 shares during the quarter. Jones Lang LaSalle accounts for 3.1% of Conversant Capital LLC's portfolio, making the stock its 7th biggest holding. Conversant Capital LLC owned about 0.19% of Jones Lang LaSalle worth $22,276,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA grew its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after buying an additional 72 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of research analyst reports. 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 research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price target 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. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price target 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. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded up $10.95 on Monday, hitting $240.58. The company had a trading volume of 120,610 shares, compared to its average volume of 321,241. The firm has a market cap of $11.42 billion, a P/E ratio of 21.30 and a beta of 1.33. The company has a 50-day moving average price of $233.57 and a 200-day moving average price of $255.66. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. As a group, equities research analysts predict 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.