Algert Global LLC Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Algert Global LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,888 shares of the financial services provider’s stock after purchasing an additional 11,010 shares during the period. Algert Global LLC owned approximately 0.06% of Jones Lang LaSalle worth $7,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle during the third quarter worth $37,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle during the second quarter worth $34,000. Finally, Huntington National Bank grew its position in Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several 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 report on Friday, September 13th. Keefe, Bruyette & Woods raised 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 equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $255.20.

Jones Lang LaSalle Stock Up 1.7 %

Shares of NYSE JLL opened at $263.27 on Friday. The company’s 50-day simple moving average is $265.28 and its 200-day simple moving average is $237.75. Jones Lang LaSalle Incorporated has a 52-week low of $153.26 and a 52-week high of $288.50. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 26.62 and a beta of 1.37. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced 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. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.01 earnings per share. Equities analysts predict that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

About Jones Lang LaSalle

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.