Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,096 shares of the financial services provider’s stock after buying an additional 50 shares during the period. Bessemer Group Inc.’s holdings in Jones Lang LaSalle were worth $3,062,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $26,487,000. APG Asset Management N.V. acquired a new stake in Jones Lang LaSalle during the 4th quarter worth $6,258,000. Advisory Services Network LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at $292,000. Greenland Capital Management LP acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $960,000. Finally, Renaissance Group LLC grew its holdings in shares of Jones Lang LaSalle by 574.0% during the fourth quarter. Renaissance Group LLC now owns 111,092 shares of the financial services provider’s stock worth $28,099,000 after purchasing an additional 94,610 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group lowered their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $323.33.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $210.83 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company has a market cap of $9.99 billion, a PE ratio of 18.67 and a beta of 1.22. The stock has a fifty day moving average price of $254.37 and a 200 day moving average price of $261.71. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50.

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 analyst estimates of $6.65 billion. During the same quarter in the previous year, the company earned $4.23 EPS. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Jones Lang LaSalle 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.