15,899 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to its most recent filing with the SEC. The fund purchased 15,899 shares of the financial services provider’s stock, valued at approximately $4,231,000.

Several other hedge funds have also bought and sold shares of the stock. Tidal Investments LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth about $228,000. GAMMA Investing LLC boosted its position in shares of Jones Lang LaSalle by 27.1% during the 2nd quarter. GAMMA Investing LLC now owns 534 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 114 shares during the last quarter. Mather Group LLC. grew its holdings in shares of 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 in the last quarter. Harbor Capital Advisors Inc. raised its stake in Jones Lang LaSalle by 433.3% during the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares in the last quarter. Finally, CWM LLC lifted its position in Jones Lang LaSalle by 8.6% during the second quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $271.50.

Jones Lang LaSalle Trading Down 0.9 %

JLL opened at $278.15 on Tuesday. Jones Lang LaSalle Incorporated has a one year low of $159.52 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 28.12 and a beta of 1.37. The stock’s 50 day moving average price is $267.69 and its 200-day moving average price is $241.06.

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

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.