Marshall Wace LLP Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Marshall Wace LLP purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 83,349 shares of the financial services provider’s stock, valued at approximately $17,110,000. Marshall Wace LLP owned 0.18% of Jones Lang LaSalle at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. lifted its stake in Jones Lang LaSalle by 14.1% in the second quarter. Xponance Inc. now owns 6,480 shares of the financial services provider’s stock valued at $1,330,000 after buying an additional 799 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Jones Lang LaSalle by 143.6% in the 2nd quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider’s stock worth $4,447,000 after acquiring an additional 12,767 shares during the period. Bridges Investment Management Inc. acquired a new position in Jones Lang LaSalle during the 2nd quarter valued at about $817,000. Canada Pension Plan Investment Board grew its position in Jones Lang LaSalle by 45.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 73,500 shares of the financial services provider’s stock worth $15,088,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $4,256,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $266.10 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The firm’s 50 day moving average is $249.60 and its 200-day moving average is $215.25. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $273.82. The stock has a market capitalization of $12.66 billion, a P/E ratio of 42.78 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on JLL shares. Raymond James increased their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, UBS Group upped their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $246.80.

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.