Versor Investments LP Purchases 893 Shares of Jones Lang LaSalle Incorporated $JLL

Versor Investments LP boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,697 shares of the financial services provider’s stock after purchasing an additional 893 shares during the period. Versor Investments LP’s holdings in Jones Lang LaSalle were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new stake in Jones Lang LaSalle in the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. SVB Wealth LLC bought a new stake in Jones Lang LaSalle in the first quarter worth about $38,000. Whittier Trust Co. increased its position in shares of Jones Lang LaSalle by 40.9% during the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 63 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 189 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JLL. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. UBS Group raised their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $338.29.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $305.13 on Monday. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 26.24 and a beta of 1.39. The company’s 50 day moving average is $304.39 and its 200 day moving average is $267.41. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $2.55 earnings per share. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.