AlphaQuest LLC Buys 1,082 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

AlphaQuest LLC raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 36,066.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,085 shares of the financial services provider’s stock after acquiring an additional 1,082 shares during the period. AlphaQuest LLC’s holdings in Jones Lang LaSalle were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares during the period. SG Americas Securities LLC raised its stake in shares of Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after purchasing an additional 275,606 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after buying an additional 114,168 shares during the last quarter. Raymond James Financial Inc. bought a new position in Jones Lang LaSalle during the fourth quarter valued at about $26,487,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Jones Lang LaSalle during the third quarter worth about $24,283,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $249.68 on Friday. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The company’s fifty day moving average price is $265.99 and its 200-day moving average price is $264.51.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $4.23 earnings per share. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JLL shares. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Raymond James increased their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average 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.