Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,888 shares of the financial services provider’s stock after purchasing an additional 11,010 shares during the period. Algert Global LLC’s holdings in Jones Lang LaSalle were worth $7,255,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in Jones Lang LaSalle by 17.7% during the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 306 shares during the period. Leelyn Smith LLC purchased a new position in Jones Lang LaSalle during the third quarter worth about $229,000. Intech Investment Management LLC raised its stake in Jones Lang LaSalle by 142.6% during the third quarter. Intech Investment Management LLC now owns 28,607 shares of the financial services provider’s stock worth $7,718,000 after purchasing an additional 16,817 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Jones Lang LaSalle by 29.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after purchasing an additional 2,430 shares during the period. Finally, Commerce Bank purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $243,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 1.7 %

Shares of Jones Lang LaSalle stock opened at $263.27 on Friday. The company has a market cap of $12.49 billion, a P/E ratio of 26.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $153.26 and a one year high of $288.50. The firm has a fifty day moving average of $265.28 and a two-hundred day moving average of $237.75.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.01 EPS. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently 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.