Arjuna Capital Purchases New Shares in Jones Lang LaSalle Incorporated (NYSE:JLL)

Arjuna Capital acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,030 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. increased its position 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 increased its position in Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after purchasing 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 second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after purchasing an additional 181,246 shares during the period. Boston Trust Walden Corp increased its position 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 purchasing an additional 7,698 shares during the period. Finally, Swedbank AB acquired a new stake in Jones Lang LaSalle in the first quarter worth about $97,018,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.8 %

NYSE JLL traded up $2.06 during trading hours on Wednesday, reaching $268.50. 13,762 shares of the company’s stock were exchanged, compared to its average volume of 285,994. The company’s 50-day moving average is $263.66 and its two-hundred day moving average is $233.84. Jones Lang LaSalle Incorporated has a one year low of $146.34 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 26.94 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the business earned $2.01 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday. Raymond James upped 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. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $255.20.

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.