AQR Capital Management LLC Acquires 30,839 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

AQR Capital Management LLC grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 76.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,076 shares of the financial services provider’s stock after buying an additional 30,839 shares during the period. AQR Capital Management LLC owned approximately 0.15% of Jones Lang LaSalle worth $14,590,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. grew its holdings in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock valued at $302,318,000 after buying an additional 26,814 shares during the period. Massachusetts Financial Services Co. MA increased its position in Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after buying an additional 181,246 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after acquiring an additional 7,698 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after acquiring an additional 270,404 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $266.38 on Wednesday. The company’s 50 day moving average price is $250.91 and its two-hundred day moving average price is $216.86. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $273.82. The stock has a market cap of $12.67 billion, a P/E ratio of 42.83 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 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. Jones Lang LaSalle’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

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