Tudor Investment Corp ET AL Takes $817,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Tudor Investment Corp ET AL purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,227 shares of the financial services provider's stock, valued at approximately $817,000.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its stake in Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after buying an additional 8,274 shares in the last quarter. Geode Capital Management LLC lifted its position in Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after acquiring an additional 41,331 shares in the last quarter. Norges Bank bought a new position in Jones Lang LaSalle during the 4th quarter worth about $149,468,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Jones Lang LaSalle by 13.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after purchasing an additional 65,407 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in shares of Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after purchasing an additional 62,700 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research reports. 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. Raymond James boosted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. UBS Group decreased their price objective 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. Keefe, Bruyette & Woods reduced their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 5th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Trading Up 0.8 %

JLL stock traded up $1.87 during trading on Friday, hitting $229.64. The company had a trading volume of 311,287 shares, compared to its average volume of 321,548. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The business has a 50-day moving average of $233.57 and a 200-day moving average of $255.82. The stock has a market cap of $10.91 billion, a PE ratio of 20.34 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 EPS. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.