Atria Investments Inc Raises Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Atria Investments Inc grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 64.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,423 shares of the financial services provider's stock after purchasing an additional 2,126 shares during the period. Atria Investments Inc's holdings in Jones Lang LaSalle were worth $1,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Jones Lang LaSalle during the second quarter valued at $34,000. UMB Bank n.a. grew its position in shares of Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $37,000. Massmutual Trust Co. FSB ADV boosted its position in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded down $1.56 during mid-day trading on Friday, reaching $261.20. The company's stock had a trading volume of 218,621 shares, compared to its average volume of 286,677. The stock has a market capitalization of $12.39 billion, a P/E ratio of 26.41 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1-year low of $152.28 and a 1-year high of $288.50. The stock has a 50-day moving average of $264.60 and a two-hundred day moving average of $235.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion for 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 was up 14.8% on a year-over-year basis. During the same period last year, the company posted $2.01 EPS. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research note on Tuesday. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Finally, Raymond James boosted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Two investment 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $255.20.

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.