Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Walleye Capital LLC

Walleye Capital LLC lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 603.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,739 shares of the financial services provider's stock after purchasing an additional 11,785 shares during the period. Walleye Capital LLC's holdings in Jones Lang LaSalle were worth $3,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle in the third quarter worth approximately $34,000. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 350.0% during the third 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 during the last quarter. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle during the third quarter worth $37,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after buying an additional 39 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 0.2 %

Shares of JLL traded up $0.58 during midday trading on Tuesday, reaching $278.73. 222,068 shares of the company were exchanged, compared to its average volume of 286,689. The stock has a 50-day moving average price of $267.94 and a 200-day moving average price of $241.56. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 28.21 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 1-year low of $159.52 and a 1-year high of $288.50. 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 (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company earned $2.01 earnings per share. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Wall Street Analyst Weigh In

JLL has been the topic of several recent analyst reports. Wolfe Research raised 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, November 25th. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note 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 note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $271.50.

About Jones Lang LaSalle

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.