GSA Capital Partners LLP Buys Shares of 2,396 Jones Lang LaSalle Incorporated (NYSE:JLL)

GSA Capital Partners LLP acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,396 shares of the financial services provider’s stock, valued at approximately $646,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of JLL. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $34,000. UMB Bank n.a. grew its position in shares of Jones Lang LaSalle by 350.0% in 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 during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $37,000. Massmutual Trust Co. FSB ADV grew its position 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 worth $39,000 after buying an additional 39 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $262.04 on Tuesday. 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 Incorporated has a 12 month low of $152.32 and a 12 month high of $288.50. The company has a 50 day simple moving average of $264.81 and a two-hundred day simple moving average of $236.12. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 26.50 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its 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 net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the business posted $2.01 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Finally, Raymond James lifted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus 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.