28,042 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,042 shares of the financial services provider’s stock, valued at approximately $7,099,000. New Age Alpha Advisors LLC owned about 0.06% of Jones Lang LaSalle at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JLL. Norges Bank bought a new stake in Jones Lang LaSalle in the fourth quarter worth $149,468,000. FMR LLC raised its position in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after acquiring an additional 275,606 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Jones Lang LaSalle in the fourth quarter worth about $29,271,000. Finally, Allspring Global Investments Holdings LLC raised its position in Jones Lang LaSalle by 688.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after purchasing an additional 114,168 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

JLL opened at $251.19 on Friday. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The business’s fifty day simple moving average is $267.05 and its 200-day simple moving average is $264.59.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the firm posted $4.23 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on JLL. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Company Profile

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.