Hsbc Holdings PLC Has $8.50 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Hsbc Holdings PLC raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 116.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,679 shares of the financial services provider's stock after buying an additional 18,145 shares during the period. Hsbc Holdings PLC owned 0.07% of Jones Lang LaSalle worth $8,502,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Jones Lang LaSalle in the fourth quarter worth approximately $149,468,000. SG Americas Securities LLC raised its holdings in shares of Jones Lang LaSalle by 7,967.8% during 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 Jones Lang LaSalle by 134.5% in the 4th 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 acquired a new position in Jones Lang LaSalle during the fourth quarter worth $29,271,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Jones Lang LaSalle by 688.4% during 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 purchasing an additional 114,168 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded up $4.95 during midday trading on Friday, reaching $234.44. The company's stock had a trading volume of 353,960 shares, compared to its average volume of 320,136. The company has a 50 day moving average price of $237.98 and a 200 day moving average price of $257.28. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 20.77 and a beta of 1.22. Jones Lang LaSalle Incorporated has a one year low of $180.42 and a one year high of $288.50. 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 (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.23 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. UBS Group dropped their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Raymond James lifted 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 note on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock 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.