New Century Financial Group LLC Acquires New Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

New Century Financial Group LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,153 shares of the financial services provider’s stock, valued at approximately $311,000.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $34,000. Atlas Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $35,000. UMB Bank n.a. raised its stake in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at $37,000. Finally, Riverview Trust Co bought a new position in Jones Lang LaSalle during the first quarter valued at about $38,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $266.26 on Monday. The company has a market capitalization of $12.66 billion, a PE ratio of 42.81 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The company’s 50 day moving average price is $256.79 and its 200 day moving average price is $223.35. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $273.82.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the company posted $0.50 EPS. Jones Lang LaSalle’s revenue was up 11.4% on a year-over-year basis. Research analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Raymond James boosted 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. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, UBS Group upped their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $246.80.

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.