MQS Management LLC Invests $664,000 in Jones Lang LaSalle Incorporated (NYSE:JLL)

MQS Management LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,462 shares of the financial services provider’s stock, valued at approximately $664,000.

Other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of 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 worth $39,000 after buying an additional 39 shares during the period. Parallel Advisors LLC lifted its position in Jones Lang LaSalle by 3.1% in the second quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 49 shares during the last quarter. First Bank & Trust boosted its stake in shares of Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 54 shares during the period. Van ECK Associates Corp increased its stake in shares of Jones Lang LaSalle by 0.5% in the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider’s stock worth $2,972,000 after buying an additional 54 shares during the period. Finally, Tandem Capital Management Corp ADV raised its holdings in Jones Lang LaSalle by 0.4% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock valued at $2,779,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $266.44 on Wednesday. The business’s fifty day moving average is $263.66 and its 200 day moving average is $233.84. 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 stock has a market cap of $12.64 billion, a price-to-earnings ratio of 26.94 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $136.83 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the business earned $2.01 EPS. Jones Lang LaSalle’s quarterly revenue was up 14.8% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Raymond James lifted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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.