Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,642 shares of the financial services provider’s stock after buying an additional 2,582 shares during the quarter. Cinctive Capital Management LP owned about 0.05% of Jones Lang LaSalle worth $6,238,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Private Trust Co. NA boosted its stake in 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 valued at $27,000 after acquiring an additional 56 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $35,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% in the 4th 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 during the period. MassMutual Private Wealth & Trust FSB grew its stake in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $245.74 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $265.95 and a 200 day moving average price of $264.61. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a market cap of $11.65 billion, a P/E ratio of 21.77 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on JLL. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Raymond James upped their target price on shares of 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 shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $309.00.

About Jones Lang LaSalle

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.