Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Prana Capital Management LP

Prana Capital Management LP lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,600 shares of the financial services provider's stock after acquiring an additional 24,716 shares during the quarter. Prana Capital Management LP owned 0.16% of Jones Lang LaSalle worth $19,644,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JLL. Private Trust Co. NA lifted its holdings in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Principal Securities Inc. lifted its holdings in shares of Jones Lang LaSalle by 166.7% in 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of 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 worth $53,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $0.50 during mid-day trading on Friday, hitting $236.04. 400,504 shares of the stock traded hands, compared to its average volume of 323,285. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month high of $288.50. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 20.91 and a beta of 1.33. The company's 50-day simple moving average is $232.01 and its 200-day simple moving average is $254.55. 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 issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the firm earned $1.78 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several recent research reports. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group cut their target price on 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. JPMorgan Chase & Co. cut their target price on 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. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James lifted their target price on 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average target price of $315.83.

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.