Versor Investments LP Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Versor Investments LP bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,604 shares of the financial services provider's stock, valued at approximately $972,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its stake in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. Parallel Advisors LLC grew its stake in Jones Lang LaSalle by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider's stock valued at $334,000 after acquiring an additional 49 shares in the last quarter. First Bank & Trust grew its stake in shares of Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock valued at $607,000 after buying an additional 54 shares during the period. Van ECK Associates Corp grew its stake in shares of Jones Lang LaSalle by 0.5% in the 3rd quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider's stock valued at $2,972,000 after buying an additional 54 shares during the period. Finally, Tandem Capital Management Corp ADV grew its stake in shares of Jones Lang LaSalle by 0.4% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider's stock valued at $2,779,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

JLL has been the subject of several analyst reports. Raymond James increased their price target on shares of 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. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $255.20.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded down $6.76 during trading hours on Tuesday, reaching $266.44. The company's stock had a trading volume of 290,097 shares, compared to its average volume of 287,237. The company's 50 day simple moving average is $263.35 and its 200 day simple moving average is $233.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.58 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $136.83 and a one year high of $288.50. The stock has a market cap of $12.64 billion, a P/E ratio of 27.19 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 EPS. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current fiscal year.

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.