Swiss National Bank Purchases 600 Shares of Jones Lang LaSalle Inc (JLL)
Swiss National Bank lifted its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,100 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Swiss National Bank’s holdings in Jones Lang LaSalle were worth $24,886,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parametrica Management Ltd bought a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $212,000. Magnetar Financial LLC purchased a new stake in Jones Lang LaSalle in the third quarter valued at about $233,000. Toronto Dominion Bank raised its stake in Jones Lang LaSalle by 244.1% in the third quarter. Toronto Dominion Bank now owns 1,913 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,357 shares during the last quarter. Timber Hill LLC purchased a new stake in Jones Lang LaSalle in the third quarter valued at about $237,000. Finally, TradeLink Capital LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at about $238,000. 92.40% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays increased their price target on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. JMP Securities cut Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $151.38.
Jones Lang LaSalle Inc (NYSE:JLL) opened at $158.23 on Monday. Jones Lang LaSalle Inc has a 12 month low of $101.83 and a 12 month high of $160.69. The stock has a market capitalization of $7,179.50, a PE ratio of 28.51, a PEG ratio of 1.46 and a beta of 1.85. The company has a quick ratio of 1.60, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business posted $3.95 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. research analysts anticipate that Jones Lang LaSalle Inc will post 9.85 EPS for the current year.
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Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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