CWA Asset Management Group LLC 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. The institutional investor bought 6,260 shares of the financial services provider's stock, valued at approximately $1,689,000.
Several other hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth $34,000. UMB Bank n.a. increased its holdings in Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of 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. boosted its position in shares of Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock worth $52,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Up 1.4 %
JLL traded up $3.62 during trading on Friday, hitting $269.06. The company had a trading volume of 347,208 shares, compared to its average volume of 321,230. The company has a market cap of $12.77 billion, a PE ratio of 27.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.58. Jones Lang LaSalle Incorporated has a 1-year low of $136.83 and a 1-year high of $288.50. The business has a 50-day moving average of $262.99 and a 200-day moving average of $232.59.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.01 earnings per share. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 12.65 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on JLL. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a "market perform" rating in a research note on Thursday, August 8th. Finally, Raymond James boosted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 25th. Two investment 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. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and an average price target of $246.80.
Read Our Latest Stock Report on Jones Lang LaSalle
About Jones Lang LaSalle
(
Free Report)
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.
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