GSA Capital Partners LLP acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,396 shares of the financial services provider's stock, valued at approximately $646,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its holdings in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Parallel Advisors LLC raised 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 purchasing an additional 49 shares during the period. First Bank & Trust lifted its holdings in shares of Jones Lang LaSalle by 2.5% in the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock worth $607,000 after buying an additional 54 shares in the last quarter. Van ECK Associates Corp grew its position in Jones Lang LaSalle by 0.5% in the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider's stock worth $2,972,000 after acquiring an additional 54 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings 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 worth $2,779,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on JLL shares. Raymond James upped 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 report on Thursday, July 25th. 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, Keefe, Bruyette & Woods lifted 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 report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Buy" and an average target price of $255.20.
Get Our Latest Stock Analysis on Jones Lang LaSalle
Jones Lang LaSalle Stock Performance
NYSE:JLL traded down $3.95 during mid-day trading on Tuesday, reaching $258.31. 284,355 shares of the stock were exchanged, compared to its average volume of 286,310. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1 year low of $152.32 and a 1 year high of $288.50. The company has a 50 day simple moving average of $264.81 and a 200-day simple moving average of $236.12. The stock has a market capitalization of $12.25 billion, a P/E ratio of 26.44 and a beta of 1.37.
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 for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.62 billion. During the same period last year, the company posted $2.01 EPS. The company's revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.
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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