Occudo Quantitative Strategies LP Acquires Shares of 4,530 Jones Lang LaSalle Incorporated (NYSE:JLL)

Occudo Quantitative Strategies LP acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,530 shares of the financial services provider's stock, valued at approximately $1,147,000.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake in shares of 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 valued at $27,000 after buying an additional 56 shares in the last quarter. R Squared Ltd acquired a new position in Jones Lang LaSalle in the 4th quarter valued at $35,000. Principal Securities Inc. lifted its stake in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Jones Lang LaSalle by 35.7% in 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 during the period. Finally, V Square Quantitative Management LLC grew its holdings in Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JLL. UBS Group decreased 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 report on Friday, April 11th. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a 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's stock. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded down $5.00 during trading on Monday, reaching $230.94. The company's stock had a trading volume of 88,185 shares, compared to its average volume of 322,374. The business's fifty day moving average price is $232.01 and its 200-day moving average price is $254.44. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 20.45 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

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 for the quarter, beating the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. As a group, equities research analysts predict 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.