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

MQS Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,462 shares of the financial services provider’s stock, valued at approximately $664,000.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. boosted its position in Jones Lang LaSalle by 350.0% in 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 Jones Lang LaSalle in the third quarter valued at about $37,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Jones Lang LaSalle by 37.5% during the 3rd 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 Jones Lang LaSalle in the second quarter valued at approximately $34,000. Finally, Mather Group LLC. grew its holdings in Jones Lang LaSalle by 446.9% during 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 during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $266.44 on Wednesday. The business has a 50-day simple moving average of $263.66 and a 200 day simple moving average of $233.84. Jones Lang LaSalle Incorporated has a 52 week low of $136.83 and a 52 week high of $288.50. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 26.94 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 posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $2.01 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 12.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on JLL. Raymond James increased their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 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 raised their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $255.20.

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.