Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 167,988.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,237 shares of the financial services provider’s stock after acquiring an additional 146,150 shares during the quarter. International Assets Investment Management LLC owned 0.31% of Jones Lang LaSalle worth $39,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Jones Lang LaSalle in the second quarter valued at $34,000. UMB Bank n.a. raised its position in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV raised its position in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Mather Group LLC. raised its position in 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 purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 1.1 %

Shares of Jones Lang LaSalle stock opened at $271.03 on Monday. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $259.22 and a 200 day moving average price of $226.11. Jones Lang LaSalle Incorporated has a fifty-two week low of $120.75 and a fifty-two week high of $279.65. The firm has a market cap of $12.89 billion, a P/E ratio of 43.57 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on JLL. Raymond James raised their price objective on 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. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. UBS Group lifted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, StockNews.com raised 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $246.80.

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.