Canada Pension Plan Investment Board Increases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Canada Pension Plan Investment Board grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 76,400 shares of the financial services provider’s stock after purchasing an additional 3,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Jones Lang LaSalle were worth $19,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JLL. Farringdon Capital Ltd. bought a new position in Jones Lang LaSalle in the fourth quarter worth approximately $304,000. Marshall Wace LLP lifted its position in Jones Lang LaSalle by 134.5% during the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider’s stock valued at $94,474,000 after purchasing an additional 214,087 shares in the last quarter. Walleye Capital LLC grew its holdings in Jones Lang LaSalle by 15.9% during the fourth quarter. Walleye Capital LLC now owns 15,927 shares of the financial services provider’s stock valued at $4,032,000 after purchasing an additional 2,188 shares during the period. Tribune Investment Group LP bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $8,354,000. Finally, Hanlon Investment Management Inc. grew its stake in shares of Jones Lang LaSalle by 20.8% during the 4th quarter. Hanlon Investment Management Inc. now owns 2,193 shares of the financial services provider’s stock valued at $555,000 after acquiring an additional 377 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the topic of several analyst reports. Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group lowered their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $210.71 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52 week low of $175.12 and a 52 week high of $288.50. The firm has a fifty day simple moving average of $247.53 and a two-hundred day simple moving average of $259.76. The stock has a market capitalization of $9.99 billion, a P/E ratio of 18.66 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the firm posted $4.23 EPS. Jones Lang LaSalle’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

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.