MQS Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) 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.
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.
Check Out Our Latest Research Report on Jones Lang LaSalle
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.
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