Renaissance Technologies LLC Makes New $12.55 Million Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Renaissance Technologies LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,589 shares of the financial services provider’s stock, valued at approximately $12,553,000. Renaissance Technologies LLC owned about 0.10% of Jones Lang LaSalle as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Jones Lang LaSalle by 0.9% during the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider’s stock valued at $239,122,000 after buying an additional 8,274 shares during the last quarter. Bank of Montreal Can grew its holdings in Jones Lang LaSalle by 8.5% during the 4th quarter. Bank of Montreal Can now owns 7,725 shares of the financial services provider’s stock worth $1,956,000 after acquiring an additional 607 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $755,000. Cerity Partners LLC lifted its position in shares of Jones Lang LaSalle by 1,387.9% during the fourth quarter. Cerity Partners LLC now owns 30,219 shares of the financial services provider’s stock worth $7,664,000 after purchasing an additional 28,188 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Jones Lang LaSalle by 16.7% in the fourth quarter. Federated Hermes Inc. now owns 5,807 shares of the financial services provider’s stock worth $1,470,000 after purchasing an additional 829 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on JLL shares. UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, April 11th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. 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 note on Thursday, April 10th. Finally, 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 report on Friday, January 24th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $323.33.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $214.95 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The stock has a market capitalization of $10.19 billion, a P/E ratio of 19.04 and a beta of 1.22. The business’s fifty day moving average is $251.60 and its two-hundred day moving average is $260.96.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) 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 company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the business earned $4.23 EPS. The company’s revenue was up 15.8% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

About Jones Lang LaSalle

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.