PineBridge Investments LP announced in its latest 13F filing with the Securities and Exchange Commission (SEC) that it increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – free report) by 74.2% during the fourth quarter. The fund acquired an additional 3,699 shares during the period, giving it a holding of 8,684 shares of the financial services provider. PineBridge Investments LP’s holdings in Jones Lang LaSalle were worth $1.64 million as of the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Jones Lang LaSalle in the fourth quarter, valued at approximately $97,222,000. Dimensional Fund Advisors increased its holdings in Jones Lang LaSalle by 11.1% in the fourth quarter. Dimensional Fund Advisors now owns 1,426,954 shares of the financial services provider’s stock, valued at $269,512,000, after purchasing an additional 142,887 shares during the period. Boston Trust Walden Corporation increased its holdings in Jones Lang LaSalle by 20.4% in the fourth quarter. Boston Trust Walden Corporation now owns 710,236 shares of the financial services provider’s stock, valued at $134,142,000, after acquiring an additional 120,105 shares in the last quarter. Wellington Management Group LLP acquired a new position in Jones Lang LaSalle in the third quarter, valued at approximately $14,415,000. Finally, Principal Financial Group increased its holdings in Jones Lang LaSalle by 34.7% in the fourth quarter. Principal Financial Group now owns 236,964 shares of the financial services provider’s stock, valued at $44,755,000, after purchasing an additional 61,092 shares in the last quarter. Institutional investors and hedge funds hold 94.80% of the company’s shares.
Jones Lang LaSalle Stock Performance
JLL shares opened trading at $198.94 on Friday. Jones Lang LaSalle Incorporated’s one year low is $119.46 and high is $209.79. The company’s current ratio is 2.35, quick ratio is 2.35 and debt-to-equity ratio is 0.34. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio (PE) of 31.98 and a beta of 1.40. The company’s 50-day moving average price is $191.16 and 200-day moving average price is $182.98.
Jones Lang LaSalle (NYSE:JLL – get free report ) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported quarterly earnings per share (EPS) of $1.78, beating the consensus estimate of $0.85 by $0.93. Revenues for the quarter were $5.12 billion, beating analyst expectations of $4.82 billion. Jones Lang LaSalle had an ROE of 6.55% and a net margin of 1.42%. Jones Lang LaSalle’s quarterly revenue grew 8.7% year over year. EPS for the same period last year was $0.65. Research analysts expect Jones Lang LaSalle Incorporated to post earnings per share of $12.22 for the current year.
What Wall Street analysts are saying
Several equities analysts have recently commented on JLL shares. Wolfe Research restated a “in line with peers” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong buy” rating in a research note on Thursday, May 16th. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. The firm set a “buy” rating and a $246.00 price objective for the company. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market-at-market” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a “hold,” two have rated it with a “buy,” and two have rated it with a “strong buy.” Based on MarketBeat data, the company has a consensus rating of a “moderate buy” with an average price target of $214.00.
Get the latest research reports on Jones Lang LaSalle
Jones Lang LaSalle Profile
(Free report)
Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It acquires, constructs, occupies, manages and invests in commercial, industrial, hotel, residential and retail properties throughout the Americas, Europe, the Middle East, Africa and Asia Pacific.
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