Atria Investments Inc Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Atria Investments Inc boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 64.5% during the third quarter, HoldingsChannel reports. The firm owned 5,423 shares of the financial services provider’s stock after buying an additional 2,126 shares during the period. Atria Investments Inc’s holdings in Jones Lang LaSalle were worth $1,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. EdgePoint Investment Group Inc. grew its position in Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after acquiring an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Jones Lang LaSalle by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock valued at $302,318,000 after acquiring an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after acquiring an additional 181,246 shares during the last quarter. Boston Trust Walden Corp grew its position in Jones Lang LaSalle by 1.2% during the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after acquiring an additional 7,698 shares during the last quarter. Finally, Swedbank AB bought a new position in Jones Lang LaSalle during the first quarter valued at approximately $97,018,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $261.13 on Friday. The stock has a market cap of $12.39 billion, a P/E ratio of 26.40 and a beta of 1.37. The firm’s fifty day simple moving average is $264.60 and its 200 day simple moving average is $234.81. Jones Lang LaSalle Incorporated has a twelve month low of $152.28 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during 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 company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price target 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. Raymond James raised 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. 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $255.20.

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.