MQS Management LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

MQS Management LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,462 shares of the financial services provider's stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JLL. Swedbank AB bought a new position in shares of Jones Lang LaSalle during the 1st quarter worth $97,018,000. EdgePoint Investment Group Inc. grew its holdings in Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider's stock worth $404,235,000 after acquiring an additional 443,992 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $55,152,000. Massachusetts Financial Services Co. MA lifted its position in shares of Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock worth $215,419,000 after purchasing an additional 181,246 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock valued at $39,456,000 after purchasing an additional 146,150 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on JLL shares. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research report on Tuesday. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Finally, Raymond James lifted 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 research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $255.20.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $0.60 on Wednesday, hitting $267.04. 233,401 shares of the company were exchanged, compared to its average volume of 286,992. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average price is $263.66 and its 200 day moving average price is $233.84. Jones Lang LaSalle Incorporated has a 1-year low of $146.34 and a 1-year high of $288.50. The firm has a market capitalization of $12.67 billion, a P/E ratio of 27.19 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $5.62 billion. During the same period last year, the business posted $2.01 earnings per share. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

Jones Lang LaSalle Company 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.