UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 151,267 shares of the financial services provider’s stock after purchasing an additional 1,177 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jones Lang LaSalle were worth $40,813,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares 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. boosted its stake in Jones Lang LaSalle by 350.0% during the 3rd 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 last quarter. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle in the third quarter worth $37,000. Massmutual Trust Co. FSB ADV lifted its holdings 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 in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the second quarter valued at $34,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $278.73 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 12-month low of $159.52 and a 12-month high of $288.50. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 28.21 and a beta of 1.34. The firm has a 50 day moving average of $267.94 and a 200 day moving average of $241.56.

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 the consensus estimate of $2.67 by $0.83. The firm 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%. Jones Lang LaSalle’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.01 EPS. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 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 note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $271.50.

Jones Lang LaSalle 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.