Los Angeles Capital Management LLC Buys Shares of 6,804 Jones Lang LaSalle Incorporated (NYSE:JLL)

Los Angeles Capital Management LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, Holdings Channel reports. The firm acquired 6,804 shares of the financial services provider’s stock, valued at approximately $1,836,000.

A number of other institutional investors also recently added to or reduced their stakes in JLL. State of New Jersey Common Pension Fund D boosted its holdings in shares of Jones Lang LaSalle by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,239 shares of the financial services provider’s stock valued at $4,381,000 after buying an additional 190 shares in the last quarter. River Global Investors LLP boosted its stake in Jones Lang LaSalle by 4.0% in the third quarter. River Global Investors LLP now owns 6,810 shares of the financial services provider’s stock valued at $1,837,000 after acquiring an additional 265 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Jones Lang LaSalle by 30.1% in the third quarter. Crossmark Global Holdings Inc. now owns 24,579 shares of the financial services provider’s stock worth $6,632,000 after purchasing an additional 5,683 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in shares of Jones Lang LaSalle by 77.3% during the third quarter. Legacy Capital Wealth Partners LLC now owns 4,300 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Atria Investments Inc boosted its position in shares of Jones Lang LaSalle by 64.5% in the 3rd quarter. Atria Investments Inc now owns 5,423 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 2,126 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped 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. Raymond James increased their price objective on shares of 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. 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 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 company’s stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and an average price target of $255.20.

Jones Lang LaSalle Trading Up 0.2 %

Jones Lang LaSalle stock opened at $267.00 on Thursday. Jones Lang LaSalle Incorporated has a 52 week low of $146.34 and a 52 week high of $288.50. The stock has a 50-day moving average price of $264.01 and a 200 day moving average price of $234.07. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 27.00 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released 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 net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the firm earned $2.01 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts anticipate 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.