Mubadala Investment Co PJSC Invests $2.32 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mubadala Investment Co PJSC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,148 shares of the financial services provider’s stock, valued at approximately $2,316,000.

Several other hedge funds have also added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. boosted its holdings in Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 40 shares during the last quarter. Greenleaf Trust lifted its stake in Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock valued at $409,000 after buying an additional 47 shares during the period. Ellevest Inc. grew its position in shares of Jones Lang LaSalle by 3.7% during the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider’s stock worth $336,000 after buying an additional 47 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after buying an additional 50 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Jones Lang LaSalle by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider’s stock worth $3,062,000 after buying an additional 50 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on JLL. Raymond James boosted their target price 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. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. UBS Group cut their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $315.83.

Jones Lang LaSalle Trading Up 4.7%

NYSE:JLL opened at $240.35 on Tuesday. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50. 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 stock has a market capitalization of $11.41 billion, a PE ratio of 21.29 and a beta of 1.33. The business’s 50-day simple moving average is $232.96 and its 200-day simple moving average is $255.44.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. Sell-side analysts expect 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.