Polymer Capital Management US LLC Purchases New Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Polymer Capital Management US LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,984 shares of the financial services provider’s stock, valued at approximately $755,000.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA grew its position in Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after buying an additional 56 shares during the period. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. lifted 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 valued at $45,000 after buying an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 72 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $219.47 on Monday. The company has a fifty day simple moving average of $263.62 and a 200-day simple moving average of $264.17. The stock has a market cap of $10.40 billion, a P/E ratio of 19.44 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results 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 net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the business posted $4.23 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JLL shares. Raymond James raised their price objective 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. 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. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target 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.