Schonfeld Strategic Advisors LLC Acquires 18,812 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Schonfeld Strategic Advisors LLC raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1,157.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,437 shares of the financial services provider's stock after purchasing an additional 18,812 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Jones Lang LaSalle were worth $5,173,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JLL. Invesco Ltd. lifted its holdings in shares of Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after acquiring an additional 8,274 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after buying an additional 41,331 shares during the last quarter. Norges Bank bought a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $149,468,000. Arrowstreet Capital Limited Partnership grew its position in Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock worth $137,373,000 after acquiring an additional 65,407 shares during the last quarter. Finally, Northern Trust Corp raised its position in Jones Lang LaSalle by 1.3% in the fourth quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock valued at $114,099,000 after purchasing an additional 5,572 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Down 0.7 %

Shares of NYSE:JLL traded down $1.69 during trading on Wednesday, reaching $228.19. 415,965 shares of the stock were exchanged, compared to its average volume of 320,993. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 20.21 and a beta of 1.33. The stock has a fifty day moving average of $235.86 and a two-hundred day moving average of $256.49. 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 $186.50 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.41. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on JLL. Keefe, Bruyette & Woods dropped their price objective 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. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Monday. UBS Group decreased their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Raymond James lifted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Finally, 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 report on Thursday, April 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.