Adage Capital Partners GP L.L.C. Buys 15,000 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Adage Capital Partners GP L.L.C. lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,000 shares of the financial services provider’s stock after buying an additional 15,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.23% of Jones Lang LaSalle worth $27,845,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider’s stock valued at $239,122,000 after purchasing an additional 8,274 shares during the period. Geode Capital Management LLC increased its holdings in Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock valued at $240,190,000 after buying an additional 41,331 shares during the period. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $149,468,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider’s stock valued at $137,373,000 after acquiring an additional 65,407 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after acquiring an additional 62,700 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 0.2 %

JLL opened at $224.66 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $178.60 and a 1-year high of $288.50. The firm has a 50-day moving average price of $241.26 and a two-hundred day moving average price of $258.23. The stock has a market capitalization of $10.67 billion, a PE ratio of 19.90 and a beta of 1.22. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.23 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JLL shares. JPMorgan Chase & Co. cut 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 note on Thursday, April 10th. UBS Group cut their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average 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.