Edgestream Partners L.P. Invests $1.19 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Edgestream Partners L.P. acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,395 shares of the financial services provider’s stock, valued at approximately $1,186,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $34,000. UMB Bank n.a. increased its position in shares of 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 valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV increased its position in shares of 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 valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $34,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $276.88 on Thursday. 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 firm has a market cap of $13.14 billion, a P/E ratio of 28.00 and a beta of 1.34. The business’s fifty day moving average is $268.12 and its two-hundred day moving average is $242.07. Jones Lang LaSalle Incorporated has a 52 week low of $159.52 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.01 earnings per share. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average target price of $271.50.

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.