CIBC Asset Management Inc Buys 47 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

CIBC Asset Management Inc raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,375 shares of the financial services provider’s stock after acquiring an additional 47 shares during the period. CIBC Asset Management Inc’s holdings in Jones Lang LaSalle were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Huntington National Bank increased its position in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 38 shares during the period. Plato Investment Management Ltd raised its stake in Jones Lang LaSalle by 332.3% during the third quarter. Plato Investment Management Ltd now owns 2,045 shares of the financial services provider’s stock worth $551,000 after buying an additional 1,572 shares during the last quarter. Arjuna Capital acquired a new position in Jones Lang LaSalle in the third quarter valued at $278,000. Oppenheimer & Co. Inc. boosted its position in Jones Lang LaSalle by 29.5% during the third quarter. Oppenheimer & Co. Inc. now owns 2,460 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 560 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $664,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.9 %

Shares of Jones Lang LaSalle stock opened at $258.92 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a 52 week low of $153.26 and a 52 week high of $288.50. The stock has a 50 day moving average price of $265.10 and a two-hundred day moving average price of $236.93. The stock has a market capitalization of $12.28 billion, a PE ratio of 26.18 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $2.01 earnings per share. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on JLL shares. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Raymond James raised their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of 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. Two 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.