Vinva Investment Management Ltd Increases Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Vinva Investment Management Ltd grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 57.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,107 shares of the financial services provider’s stock after buying an additional 405 shares during the quarter. Vinva Investment Management Ltd’s holdings in Jones Lang LaSalle were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Xponance Inc. boosted its stake in shares of Jones Lang LaSalle by 7.3% in the 4th quarter. Xponance Inc. now owns 6,903 shares of the financial services provider’s stock valued at $1,747,000 after buying an additional 472 shares during the period. Intech Investment Management LLC lifted its stake in Jones Lang LaSalle by 165.2% during the fourth quarter. Intech Investment Management LLC now owns 75,855 shares of the financial services provider’s stock worth $19,202,000 after purchasing an additional 47,248 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $29,271,000. Cibc World Markets Corp lifted its stake in Jones Lang LaSalle by 10.1% during the fourth quarter. Cibc World Markets Corp now owns 13,804 shares of the financial services provider’s stock worth $3,494,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Jones Lang LaSalle by 10.8% during the fourth quarter. Corient Private Wealth LLC now owns 35,349 shares of the financial services provider’s stock worth $8,946,000 after purchasing an additional 3,459 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Raymond James lifted their price target on 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 analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Trading Down 1.1 %

NYSE:JLL opened at $250.52 on Friday. The firm has a market cap of $11.87 billion, a P/E ratio of 22.19 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $266.39 and its 200-day simple moving average is $264.37. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50.

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