Meeder Asset Management Inc. Buys 6,019 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Meeder Asset Management Inc. increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 19,416.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,050 shares of the financial services provider's stock after buying an additional 6,019 shares during the quarter. Meeder Asset Management Inc.'s holdings in Jones Lang LaSalle were worth $1,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $34,000. UMB Bank n.a. lifted its position in 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 worth $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $37,000. Massmutual Trust Co. FSB ADV grew its holdings 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 valued at $39,000 after acquiring an additional 39 shares in the last quarter. Finally, Mather Group LLC. increased 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 valued at $52,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $3.95 during mid-day trading on Tuesday, reaching $258.31. 284,355 shares of the company were exchanged, compared to its average volume of 286,314. Jones Lang LaSalle Incorporated has a twelve month low of $152.32 and a twelve month high of $288.50. The stock has a market capitalization of $12.25 billion, a P/E ratio of 26.12 and a beta of 1.37. The company's 50-day simple moving average is $264.90 and its 200-day simple moving average is $236.63. 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 (NYSE:JLL - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the company posted $2.01 EPS. The firm's quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Raymond James raised their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Two investment 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 MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and an average price target of $255.20.

Jones Lang LaSalle Profile

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.