Nomura Holdings Inc. Invests $2.90 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Nomura Holdings Inc. bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,448 shares of the financial services provider's stock, valued at approximately $2,898,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. Principal Securities Inc. raised 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after buying an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of 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 worth $53,000 after buying an additional 72 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced 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 note on Thursday, April 10th. UBS Group reduced their price target 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. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Raymond James upped their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Stock Down 2.0%

Shares of Jones Lang LaSalle stock traded down $4.76 on Monday, reaching $231.18. 337,220 shares of the company were exchanged, compared to its average volume of 323,341. 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 1-year low of $192.94 and a 1-year high of $288.50. The company has a market cap of $10.98 billion, a P/E ratio of 20.48 and a beta of 1.33. The stock's 50 day moving average price is $232.01 and its 200-day moving average price is $254.44.

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

Jones Lang LaSalle 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.