Atria Investments Inc Purchases 2,126 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Atria Investments Inc grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 64.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,423 shares of the financial services provider’s stock after buying an additional 2,126 shares during the quarter. Atria Investments Inc’s holdings in Jones Lang LaSalle were worth $1,463,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Jones Lang LaSalle during the second quarter worth $34,000. UMB Bank n.a. increased its position in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle during the third quarter worth about $37,000. Massmutual Trust Co. FSB ADV grew 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 worth $39,000 after buying an additional 39 shares in the last quarter. Finally, Mather Group LLC. grew its stake 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 worth $52,000 after buying an additional 219 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Raymond James raised their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of 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 given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $255.20.

Jones Lang LaSalle Trading Down 0.6 %

Shares of Jones Lang LaSalle stock opened at $261.13 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $152.28 and a 12-month high of $288.50. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 26.40 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. The company’s 50-day moving average price is $264.60 and its 200-day moving average price is $234.81.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.62 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal 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.