Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,639,526 shares of the financial services provider's stock after acquiring an additional 88,479 shares during the quarter. Jones Lang LaSalle accounts for 3.3% of EdgePoint Investment Group Inc.'s holdings, making the stock its 16th biggest position. EdgePoint Investment Group Inc. owned approximately 3.46% of Jones Lang LaSalle worth $415,030,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $149,468,000. SG Americas Securities LLC grew its holdings in Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock valued at $70,643,000 after purchasing an additional 275,606 shares during the period. Marshall Wace LLP increased 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 valued at $94,474,000 after buying an additional 214,087 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $29,271,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after acquiring an additional 114,168 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JLL shares. Raymond James boosted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. UBS Group reduced their target price 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. Finally, JPMorgan Chase & Co. lowered their price target 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. Six investment 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.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Trading Down 1.1%

Shares of Jones Lang LaSalle stock traded down $2.75 during mid-day trading on Wednesday, hitting $236.87. The stock had a trading volume of 130,908 shares, compared to its average volume of 321,494. The firm has a market cap of $11.25 billion, a P/E ratio of 20.98 and a beta of 1.33. 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 firm has a 50-day moving average of $232.61 and a two-hundred day moving average of $255.33. Jones Lang LaSalle Incorporated has a 12-month low of $192.94 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.