Quantbot Technologies LP Invests $1.37 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Quantbot Technologies LP acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,395 shares of the financial services provider’s stock, valued at approximately $1,366,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Private Trust Co. NA lifted its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new position in Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 3.9 %

Jones Lang LaSalle stock opened at $260.06 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a 50 day moving average price of $266.84 and a 200 day moving average price of $264.65. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The company has a market capitalization of $12.32 billion, a PE ratio of 23.03 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data 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 return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $4.23 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle 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.