Algert Global LLC Has $7.26 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Algert Global LLC boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 69.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,888 shares of the financial services provider's stock after purchasing an additional 11,010 shares during the period. Algert Global LLC owned approximately 0.06% of Jones Lang LaSalle worth $7,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JLL. Quadrature Capital Ltd purchased a new position in Jones Lang LaSalle in the first quarter valued at about $964,000. LRI Investments LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $58,000. Kennedy Capital Management LLC lifted its holdings in Jones Lang LaSalle by 6.0% during the 1st quarter. Kennedy Capital Management LLC now owns 11,765 shares of the financial services provider's stock worth $2,295,000 after buying an additional 665 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $228,000. Finally, SkyView Investment Advisors LLC raised its position in shares of Jones Lang LaSalle by 1.2% during the 1st quarter. SkyView Investment Advisors LLC now owns 89,335 shares of the financial services provider's stock valued at $1,080,000 after acquiring an additional 1,057 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JLL. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. 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. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of "Buy" and an average target price of $255.20.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded up $4.35 during trading hours on Friday, reaching $263.27. The stock had a trading volume of 330,674 shares, compared to its average volume of 311,688. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a 50-day simple moving average of $265.28 and a 200-day simple moving average of $237.75. The firm has a market capitalization of $12.49 billion, a PE ratio of 26.62 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $153.26 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business's revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.01 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current 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.