Amalgamated Bank Buys 48 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Amalgamated Bank raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,878 shares of the financial services provider’s stock after buying an additional 48 shares during the period. Amalgamated Bank’s holdings in Jones Lang LaSalle were worth $5,791,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 38 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in Jones Lang LaSalle by 3.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 40 shares during the period. CIBC Asset Management Inc lifted its holdings in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after buying an additional 47 shares during the period. Greenleaf Trust grew its position in shares of Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after buying an additional 47 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 1.4 %

NYSE:JLL opened at $267.28 on Friday. The firm has a 50-day simple moving average of $265.57 and a two-hundred day simple moving average of $263.76. The firm has a market cap of $12.67 billion, a P/E ratio of 23.67 and a beta of 1.36. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period in the previous year, the business earned $4.23 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on JLL shares. Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $309.00.

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.