Amundi Pioneer Asset Management Inc. boosted its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 107.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 100,439 shares of the financial services provider’s stock after buying an additional 52,022 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.22% of Jones Lang LaSalle worth $14,959,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Advisory Services Network LLC lifted its stake in Jones Lang LaSalle by 814.6% in the fourth quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 725 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $223,000. TradeLink Capital LLC purchased a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $238,000. Magnetar Financial LLC purchased a new position in Jones Lang LaSalle during the third quarter valued at approximately $233,000. Finally, Toronto Dominion Bank increased its holdings in Jones Lang LaSalle by 244.1% during 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 period. Institutional investors and hedge funds own 92.23% of the company’s stock.
In other news, EVP Mark Ohringer sold 5,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $160.13, for a total value of $800,650.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping the consensus estimate of $4.22 by $0.70. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.29 billion. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.95 EPS. analysts forecast that Jones Lang LaSalle Inc will post 9.85 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of Jones Lang LaSalle from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, March 6th. Wedbush set a $158.00 price objective on shares of Jones Lang LaSalle and gave the company a “hold” rating in a report on Monday, February 12th. Zacks Investment Research downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $152.00.
Jones Lang LaSalle Company 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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