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

Bamco Inc. NY increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 33.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,366 shares of the financial services provider's stock after acquiring an additional 105,656 shares during the quarter. Bamco Inc. NY owned about 0.89% of Jones Lang LaSalle worth $106,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $149,468,000. SG Americas Securities LLC lifted its holdings in shares of Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after purchasing an additional 275,606 shares during the period. Marshall Wace LLP increased its stake in Jones Lang LaSalle by 134.5% in the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock valued at $94,474,000 after buying an additional 214,087 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $29,271,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Jones Lang LaSalle by 688.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock worth $32,603,000 after acquiring an additional 114,168 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JLL has been the topic of several recent analyst reports. Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday. Keefe, Bruyette & Woods decreased their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group lowered their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Price Performance

NYSE:JLL traded down $1.69 during trading hours on Wednesday, reaching $228.19. 499,403 shares of the company traded hands, compared to its average volume of 320,544. The firm's 50-day moving average is $234.99 and its 200-day moving average is $256.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market cap of $10.84 billion, a P/E ratio of 20.21 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 1-year low of $186.50 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.41. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 earnings per share. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 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.