Graham Capital Management L.P. Purchases Shares of 1,682 Jones Lang LaSalle Incorporated (NYSE:JLL)

Graham Capital Management L.P. purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,682 shares of the financial services provider’s stock, valued at approximately $426,000.

Several other institutional investors have also added to or reduced their stakes in JLL. Assenagon Asset Management S.A. boosted its position in Jones Lang LaSalle by 264.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 95,426 shares of the financial services provider’s stock valued at $24,156,000 after buying an additional 69,273 shares during the period. Ritholtz Wealth Management boosted its position in Jones Lang LaSalle by 48.2% during the 4th quarter. Ritholtz Wealth Management now owns 3,121 shares of the financial services provider’s stock valued at $790,000 after buying an additional 1,015 shares during the period. Shelton Wealth Management LLC boosted its position in Jones Lang LaSalle by 10.0% during the 4th quarter. Shelton Wealth Management LLC now owns 3,035 shares of the financial services provider’s stock valued at $768,000 after buying an additional 275 shares during the period. Artemis Investment Management LLP boosted its position in Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after buying an additional 62,700 shares during the period. Finally, Polianta Ltd boosted its position in Jones Lang LaSalle by 9.3% during the 4th quarter. Polianta Ltd now owns 4,700 shares of the financial services provider’s stock valued at $1,189,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.2%

Shares of Jones Lang LaSalle stock opened at $236.04 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 50-day moving average of $232.01 and a 200 day moving average of $254.69. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 20.91 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 1 year low of $192.94 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Raymond James raised their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. UBS Group dropped their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $315.83.

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.