GSA Capital Partners LLP Buys New Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

GSA Capital Partners LLP purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,396 shares of the financial services provider’s stock, valued at approximately $646,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its holdings in Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after acquiring an additional 9,381 shares in the last quarter. BDF Gestion purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth $3,550,000. Wealth Enhancement Advisory Services LLC increased its holdings in Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after acquiring an additional 8,080 shares in the last quarter. Comerica Bank increased its holdings in Jones Lang LaSalle by 24.5% in the 1st quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock worth $5,205,000 after acquiring an additional 5,255 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Jones Lang LaSalle in the 1st quarter worth $97,018,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.3 %

Shares of JLL stock opened at $262.04 on Tuesday. The company’s 50-day moving average price is $264.81 and its 200-day moving average price is $236.12. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 26.50 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $152.32 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results 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. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the company posted $2.01 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JLL. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, Raymond James upped their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average 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.