Schonfeld Strategic Advisors LLC Raises Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Schonfeld Strategic Advisors LLC raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1,157.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,437 shares of the financial services provider's stock after purchasing an additional 18,812 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Jones Lang LaSalle were worth $5,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $149,468,000. SG Americas Securities LLC raised its position in shares of Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after purchasing an additional 275,606 shares during the period. Marshall Wace LLP lifted its position in shares of Jones Lang LaSalle by 134.5% in the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock valued at $94,474,000 after acquiring an additional 214,087 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $29,271,000. Finally, Allspring Global Investments Holdings LLC raised its position in Jones Lang LaSalle by 688.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock valued at $32,603,000 after acquiring an additional 114,168 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Raymond James upped 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 report on Friday, January 24th. UBS Group lowered their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday, April 11th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price 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. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Stock Up 0.2 %

JLL traded up $0.54 during mid-day trading on Thursday, reaching $228.70. 182,166 shares of the stock were exchanged, compared to its average volume of 369,719. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The company has a 50 day moving average price of $234.99 and a two-hundred day moving average price of $256.30. Jones Lang LaSalle Incorporated has a 1 year low of $191.84 and a 1 year high of $288.50. The stock has a market capitalization of $10.87 billion, a PE ratio of 20.26 and a beta of 1.33.

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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the firm earned $1.78 EPS. The firm's quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.