Plato Investment Management Ltd Has $551,000 Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Plato Investment Management Ltd raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 332.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,045 shares of the financial services provider’s stock after acquiring an additional 1,572 shares during the quarter. Plato Investment Management Ltd’s holdings in Jones Lang LaSalle were worth $551,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV increased its stake in 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 valued at $39,000 after acquiring an additional 39 shares during the period. Parallel Advisors LLC increased its position in shares of Jones Lang LaSalle by 3.1% during 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 period. First Bank & Trust raised its stake in shares of Jones Lang LaSalle by 2.5% in 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 in the last quarter. Van ECK Associates Corp boosted its stake in Jones Lang LaSalle by 0.5% during 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 in the last quarter. Finally, Tandem Capital Management Corp ADV increased its holdings in Jones Lang LaSalle by 0.4% in 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 period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $262.83 on Friday. The stock has a market capitalization of $12.47 billion, a P/E ratio of 26.58 and a beta of 1.37. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1 year low of $150.39 and a 1 year high of $288.50. The firm has a 50 day moving average of $264.28 and a 200-day moving average of $234.27.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data 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 firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 EPS. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their target price 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. Raymond James lifted their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $255.20.

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.