Bamco Inc. NY Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Bamco Inc. NY raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 28.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,710 shares of the financial services provider’s stock after purchasing an additional 69,380 shares during the quarter. Bamco Inc. NY owned 0.66% of Jones Lang LaSalle worth $84,912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. FMR LLC raised its position in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. Select Equity Group L.P. purchased a new stake in Jones Lang LaSalle in the second quarter valued at $55,152,000. Massachusetts Financial Services Co. MA raised its position in Jones Lang LaSalle by 20.9% in 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 purchasing an additional 181,246 shares during the period. International Assets Investment Management LLC raised its position in Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after purchasing an additional 146,150 shares during the period. Finally, TCW Group Inc. raised its holdings in shares of Jones Lang LaSalle by 73.0% in the 2nd quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider’s stock valued at $54,503,000 after buying an additional 112,041 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the topic of several research analyst reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. One equities research 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 presently has an average rating of “Buy” and an average price target of $271.50.

Jones Lang LaSalle Trading Down 0.6 %

JLL opened at $280.60 on Monday. Jones Lang LaSalle Incorporated has a 12 month low of $154.43 and a 12 month high of $288.50. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 28.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The business has a fifty day moving average price of $267.69 and a 200 day moving average price of $240.83.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results 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 analysts’ expectations 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 for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.01 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.

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.