Artisan Partners Limited Partnership acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, Holdings Channel reports. The fund acquired 707,793 shares of the company’s stock, valued at approximately $71,515,000. Artisan Partners Limited Partnership owned 1.57% of Jones Lang LaSalle as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Generation Investment Management LLP increased its stake in Jones Lang LaSalle by 26.0% in the third quarter. Generation Investment Management LLP now owns 2,787,972 shares of the company’s stock worth $317,243,000 after buying an additional 575,246 shares in the last quarter. BlackRock Fund Advisors increased its stake in Jones Lang LaSalle by 5.0% in the third quarter. BlackRock Fund Advisors now owns 1,986,803 shares of the company’s stock worth $226,078,000 after buying an additional 95,293 shares in the last quarter. Harris Associates L P increased its stake in Jones Lang LaSalle by 43.2% in the third quarter. Harris Associates L P now owns 1,911,399 shares of the company’s stock worth $217,498,000 after buying an additional 576,594 shares in the last quarter. Prudential Financial Inc. increased its stake in Jones Lang LaSalle by 13.8% in the third quarter. Prudential Financial Inc. now owns 799,441 shares of the company’s stock worth $90,968,000 after buying an additional 96,911 shares in the last quarter. Finally, Vulcan Value Partners LLC purchased a new stake in Jones Lang LaSalle during the second quarter worth $54,020,000. 88.84% of the stock is owned by hedge funds and other institutional investors.
Jones Lang LaSalle Incorporated (NYSE:JLL) traded up 1.59% on Friday, reaching $108.45. The company had a trading volume of 878,678 shares. Jones Lang LaSalle Incorporated has a 12-month low of $86.62 and a 12-month high of $125.31. The stock’s 50-day moving average price is $103.70 and its 200-day moving average price is $106.24. The stock has a market capitalization of $4.90 billion, a P/E ratio of 15.54 and a beta of 1.67.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Monday, February 6th. The company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. Jones Lang LaSalle had a return on equity of 13.14% and a net margin of 4.68%. The firm earned $2.16 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm posted $4.53 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post $8.43 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Jones Lang LaSalle from a “strong sell” rating to a “hold” rating in a report on Monday, December 19th. JMP Securities reissued a “buy” rating on shares of Jones Lang LaSalle in a report on Thursday, November 3rd. Keefe, Bruyette & Woods downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $115.00 to $110.00 in a report on Tuesday, December 13th. TheStreet downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Finally, Barclays PLC reissued an “overweight” rating and set a $119.00 target price (down previously from $125.00) on shares of Jones Lang LaSalle in a report on Monday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.00.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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