CANADA LIFE ASSURANCE Co Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

CANADA LIFE ASSURANCE Co boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,541 shares of the financial services provider’s stock after purchasing an additional 166 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Jones Lang LaSalle worth $8,489,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Private Trust Co. NA grew its position in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $35,000. Principal Securities Inc. increased its holdings in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 72 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 3.0 %

Shares of NYSE:JLL opened at $204.78 on Tuesday. The firm has a fifty day moving average of $246.20 and a 200 day moving average of $259.33. Jones Lang LaSalle Incorporated has a 52-week low of $175.12 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $9.73 billion, a PE ratio of 18.14 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.65 billion. During the same period last year, the firm posted $4.23 EPS. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JLL. Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. UBS Group cut their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, April 11th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. Raymond James boosted 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 research report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price objective 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.