899 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Acquired by Commerce Bank

Commerce Bank bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 899 shares of the financial services provider’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its position in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at $37,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Jones Lang LaSalle by 37.5% in the 3rd 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. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $34,000. Finally, Huntington National Bank increased its holdings in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 38 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

JLL has been the topic of a number of analyst reports. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted 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, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $271.50.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $282.22 on Thursday. The stock has a 50-day moving average of $266.45 and a two-hundred day moving average of $239.33. Jones Lang LaSalle Incorporated has a one year low of $153.26 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 $13.39 billion, a P/E ratio of 28.43 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.01 EPS. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current 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.