Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Holdings Increased by Forum Financial Management LP

Forum Financial Management LP raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 28.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,556 shares of the financial services provider’s stock after buying an additional 341 shares during the period. Forum Financial Management LP’s holdings in Jones Lang LaSalle were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth $149,468,000. SG Americas Securities LLC increased its stake in Jones Lang LaSalle by 7,967.8% in the 4th 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 in the last quarter. Marshall Wace LLP raised its holdings in Jones Lang LaSalle by 134.5% during the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider’s stock worth $94,474,000 after buying an additional 214,087 shares during the period. William Blair Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at about $29,271,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after buying an additional 114,168 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.0 %

JLL opened at $210.71 on Monday. The company has a market capitalization of $10.01 billion, a PE ratio of 18.66 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a fifty-two week low of $175.12 and a fifty-two week high of $288.50. The business has a 50-day moving average of $247.53 and a 200-day moving average of $259.72.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data 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 net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the firm earned $4.23 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.