Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 28.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 314,710 shares of the financial services provider’s stock after buying an additional 69,380 shares during the quarter. Bamco Inc. NY’s holdings in Jones Lang LaSalle were worth $84,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JLL. Tidal Investments LLC purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $228,000. Comerica Bank grew its stake in Jones Lang LaSalle by 24.5% during the 1st quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock worth $5,205,000 after buying an additional 5,255 shares during the last quarter. GAMMA Investing LLC grew its stake in Jones Lang LaSalle by 27.1% during the 2nd quarter. GAMMA Investing LLC now owns 534 shares of the financial services provider’s stock worth $110,000 after buying an additional 114 shares during the last quarter. Mather Group LLC. grew its stake in Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after buying an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Jones Lang LaSalle by 433.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after buying an additional 9,381 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 0.6 %

Jones Lang LaSalle stock opened at $280.60 on Monday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $267.69 and a two-hundred day moving average of $240.83. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 28.37 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $154.43 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results 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 analysts’ expectations 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 quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $2.01 EPS. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

JLL has been the topic of a number of research reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $271.50.

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.