Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 146.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 335,451 shares of the financial services provider's stock after purchasing an additional 199,197 shares during the quarter. Millennium Management LLC owned approximately 0.71% of Jones Lang LaSalle worth $84,916,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Jones Lang LaSalle by 41.9% in the 4th quarter. Lazard Asset Management LLC now owns 5,210 shares of the financial services provider's stock worth $1,317,000 after acquiring an additional 1,538 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $21,625,000. Governors Lane LP increased its position in shares of Jones Lang LaSalle by 90.6% during the 4th quarter. Governors Lane LP now owns 99,295 shares of the financial services provider's stock valued at $25,136,000 after purchasing an additional 47,200 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Jones Lang LaSalle in the fourth quarter worth $426,000. Finally, EdgePoint Investment Group Inc. raised its stake in shares of Jones Lang LaSalle by 5.7% in the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock valued at $415,030,000 after acquiring an additional 88,479 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 2.2%

Shares of NYSE JLL traded down $5.28 during midday trading on Monday, reaching $230.66. 215,654 shares of the company's stock traded hands, compared to its average volume of 323,032. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 20.43 and a beta of 1.33. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock's 50 day simple moving average is $232.01 and its 200-day simple moving average is $254.44.

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 EPS for the quarter, beating 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 analyst estimates of $5.65 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of 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 downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their target price 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. Raymond James upped 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 report on Friday, January 24th. Finally, UBS Group lowered their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target 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.