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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hudson Edge Investment Partners Inc. boosted its stake in Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 40 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares during the last quarter. Ellevest Inc. boosted its position in shares of Jones Lang LaSalle by 3.7% in the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after purchasing an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after buying an additional 50 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Jones Lang LaSalle by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after buying an additional 50 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded down $1.89 during mid-day trading on Tuesday, hitting $229.54. The company's stock had a trading volume of 196,039 shares, compared to its average volume of 368,272. The business's fifty day moving average is $231.58 and its two-hundred day moving average is $254.20. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 20.33 and a beta of 1.33. 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.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping 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 firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the company earned $1.78 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JLL shares. Keefe, Bruyette & Woods cut their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. UBS Group cut 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 shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Raymond James upped their target price on 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. Finally, JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $315.83.

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.