Intech Investment Management LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 142.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,607 shares of the financial services provider's stock after acquiring an additional 16,817 shares during the quarter. Intech Investment Management LLC owned 0.06% of Jones Lang LaSalle worth $7,718,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of JLL. Innealta Capital LLC bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $34,000. UMB Bank n.a. lifted its position in shares of 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 worth $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $37,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Jones Lang LaSalle by 37.5% in the 3rd 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 during the period. Finally, Mather Group LLC. boosted its stake in Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock valued at $52,000 after buying an additional 219 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Trading Up 1.7 %
Shares of JLL traded up $4.45 during trading hours on Friday, hitting $263.37. 330,674 shares of the stock traded hands, compared to its average volume of 286,396. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1-year low of $153.26 and a 1-year high of $288.50. The firm has a market capitalization of $12.49 billion, a PE ratio of 26.63 and a beta of 1.37. The business has a fifty day moving average of $265.28 and a 200-day moving average of $237.43.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts expect that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on JLL. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 25th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods upped their price target on 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 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's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $255.20.
Check Out Our Latest Analysis on JLL
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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