Geode Capital Management LLC Increases Stake in Jones Lang LaSalle Inc (JLL)

Geode Capital Management LLC raised its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,778 shares of the financial services provider’s stock after purchasing an additional 23,294 shares during the period. Geode Capital Management LLC owned 1.00% of Jones Lang LaSalle worth $57,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Epoch Investment Partners Inc. lifted its stake in Jones Lang LaSalle by 1.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 80,007 shares of the financial services provider’s stock valued at $10,129,000 after buying an additional 1,305 shares during the last quarter. ARP Americas LP acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $228,000. Magnus Financial Group LLC bought a new stake in Jones Lang LaSalle in the 4th quarter valued at about $267,000. California State Teachers Retirement System increased its position in Jones Lang LaSalle by 0.8% in the 4th quarter. California State Teachers Retirement System now owns 85,042 shares of the financial services provider’s stock valued at $10,766,000 after buying an additional 684 shares in the last quarter. Finally, Gideon Capital Advisors Inc. bought a new stake in Jones Lang LaSalle in the 4th quarter valued at about $326,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on JLL shares. Bank of America lowered Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 target price for the company. in a research report on Thursday, January 3rd. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. JMP Securities reissued a “hold” rating on shares of Jones Lang LaSalle in a research note on Sunday, February 17th. Raymond James increased their target price on Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $171.25.

Shares of NYSE JLL traded down $1.03 on Monday, reaching $154.86. 182,300 shares of the company’s stock traded hands, compared to its average volume of 298,271. Jones Lang LaSalle Inc has a 12 month low of $119.79 and a 12 month high of $177.02. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.48 and a beta of 1.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.65 and a current ratio of 1.65.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, February 12th. The financial services provider reported $5.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.74 by $1.25. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.70 billion. Jones Lang LaSalle had a net margin of 2.97% and a return on equity of 15.80%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.92 earnings per share. On average, analysts forecast that Jones Lang LaSalle Inc will post 11.63 earnings per share for the current fiscal year.

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About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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