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

Millennium Management LLC increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 146.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,451 shares of the financial services provider's stock after purchasing an additional 199,197 shares during the period. Millennium Management LLC owned approximately 0.71% of Jones Lang LaSalle worth $84,916,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JLL. EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 5.7% in the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after buying an additional 88,479 shares in the last quarter. Invesco Ltd. grew its position in Jones Lang LaSalle by 0.9% in the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after purchasing an additional 8,274 shares during the period. Geode Capital Management LLC raised its stake in Jones Lang LaSalle by 4.6% during the 4th 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 last quarter. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth $149,468,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings 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 worth $137,373,000 after acquiring an additional 65,407 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded down $1.40 during midday trading on Tuesday, reaching $230.02. The stock had a trading volume of 137,683 shares, compared to its average volume of 322,652. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 20.37 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 12-month low of $192.94 and a 12-month high of $288.50. The stock has a 50-day moving average of $231.58 and a 200-day moving average of $254.20. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the business posted $1.78 EPS. Jones Lang LaSalle's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

JLL has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Raymond James increased their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on 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 lowered their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report 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 company's stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and an average price target 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.