Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 29.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,635 shares of the financial services provider's stock after buying an additional 2,430 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Jones Lang LaSalle were worth $2,869,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in Jones Lang LaSalle in the first quarter worth $964,000. LRI Investments LLC bought a new position in Jones Lang LaSalle during the 1st quarter valued at about $58,000. Kennedy Capital Management LLC lifted its stake in Jones Lang LaSalle by 6.0% in the first quarter. Kennedy Capital Management LLC now owns 11,765 shares of the financial services provider's stock worth $2,295,000 after purchasing an additional 665 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $228,000. Finally, SkyView Investment Advisors LLC grew its stake in shares of Jones Lang LaSalle by 1.2% during the first quarter. SkyView Investment Advisors LLC now owns 89,335 shares of the financial services provider's stock valued at $1,080,000 after buying an additional 1,057 shares during the last quarter. Institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Up 7.8 %
NYSE JLL traded up $20.44 during trading on Monday, reaching $283.71. 753,155 shares of the company's stock traded hands, compared to its average volume of 288,443. Jones Lang LaSalle Incorporated has a 12-month low of $153.26 and a 12-month high of $288.50. 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 market cap of $13.46 billion, a price-to-earnings ratio of 28.69 and a beta of 1.37. The company's 50 day simple moving average is $265.81 and its two-hundred day simple moving average is $238.72.
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 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 firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the business posted $2.01 EPS. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently issued reports on JLL. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective 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. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $271.50.
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About Jones Lang LaSalle
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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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