Schonfeld Strategic Advisors LLC Acquires 18,812 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Schonfeld Strategic Advisors LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1,157.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,437 shares of the financial services provider’s stock after acquiring an additional 18,812 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Jones Lang LaSalle were worth $5,173,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Trust Co. NA grew its holdings in shares of Jones Lang LaSalle by 112.0% in 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 in the last quarter. R Squared Ltd bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. increased its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake 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 buying an additional 72 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JLL shares. 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 lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, 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. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $234.44 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 firm has a market cap of $11.14 billion, a price-to-earnings ratio of 20.77 and a beta of 1.22. The stock’s fifty day moving average price is $237.37 and its two-hundred day moving average price is $257.04. Jones Lang LaSalle Incorporated has a one year low of $182.33 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $4.23 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.