Meadow Creek Investment Management LLC boosted its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 189.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,432 shares of the financial services provider’s stock after purchasing an additional 4,208 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Jones Lang LaSalle were worth $958,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. grew its holdings in Jones Lang LaSalle by 1,441.8% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 110,319 shares of the financial services provider’s stock valued at $16,429,000 after purchasing an additional 103,164 shares during the period. Elkfork Partners LLC acquired a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $1,676,000. Teachers Advisors LLC grew its holdings in Jones Lang LaSalle by 1.3% during the fourth quarter. Teachers Advisors LLC now owns 53,399 shares of the financial services provider’s stock valued at $7,953,000 after purchasing an additional 709 shares during the period. Paloma Partners Management Co grew its holdings in Jones Lang LaSalle by 7,640.6% during the fourth quarter. Paloma Partners Management Co now owns 139,873 shares of the financial services provider’s stock valued at $20,832,000 after purchasing an additional 138,066 shares during the period. Finally, Raymond James & Associates grew its holdings in Jones Lang LaSalle by 4.5% during the fourth quarter. Raymond James & Associates now owns 12,189 shares of the financial services provider’s stock valued at $1,815,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 92.23% of the company’s stock.
In related news, EVP Mark Ohringer sold 5,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $160.13, for a total transaction of $800,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.
A number of research analysts recently issued reports on JLL shares. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. JMP Securities cut shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Barclays upped their price target on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $152.00.
Jones Lang LaSalle stock opened at $176.67 on Thursday. The firm has a market cap of $8,051.03, a P/E ratio of 19.38, a PEG ratio of 1.64 and a beta of 1.74. Jones Lang LaSalle Inc has a 1-year low of $101.83 and a 1-year high of $178.75. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.22 by $0.70. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.95 earnings per share. sell-side analysts expect that Jones Lang LaSalle Inc will post 9.85 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Meadow Creek Investment Management LLC Has $958,000 Position in Jones Lang LaSalle Inc (JLL)” was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.thelincolnianonline.com/2018/03/22/meadow-creek-investment-management-llc-has-958000-position-in-jones-lang-lasalle-inc-jll.html.
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.
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.