Mubadala Investment Co PJSC Invests $2.32 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mubadala Investment Co PJSC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,148 shares of the financial services provider's stock, valued at approximately $2,316,000.

Several other hedge funds have also added to or reduced their stakes in JLL. Private Trust Co. NA boosted its holdings in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after acquiring an additional 56 shares in the last quarter. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $35,000. Principal Securities Inc. lifted its holdings 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 valued at $45,000 after purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 72 shares during the period. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JLL shares. Raymond James increased their target price on 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. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. UBS Group cut 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 report on Friday, April 11th. JPMorgan Chase & Co. cut their target price 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. Finally, Keefe, Bruyette & Woods cut their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Six 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 currently has a consensus rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $0.50 during trading hours on Friday, hitting $236.04. 400,504 shares of the company were exchanged, compared to its average volume of 323,285. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50. The company's 50 day moving average price is $232.01 and its 200-day moving average price is $254.55. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 20.91 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its 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 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 quarter in the prior year, the firm earned $1.78 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.