Bamco Inc. NY Grows Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

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

A number of other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. increased its stake in Jones Lang LaSalle by 27.7% in the 4th quarter. Ameriprise Financial Inc. now owns 199,789 shares of the financial services provider's stock worth $50,575,000 after buying an additional 43,378 shares in the last quarter. Algert Global LLC boosted its stake in Jones Lang LaSalle by 60.8% in the 4th quarter. Algert Global LLC now owns 43,233 shares of the financial services provider's stock worth $10,944,000 after purchasing an additional 16,345 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $24,402,000. Freestone Grove Partners LP bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth $201,000. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Jones Lang LaSalle by 1,157.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,437 shares of the financial services provider's stock worth $5,173,000 after purchasing an additional 18,812 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group dropped their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle has an average rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Trading Up 0.8 %

Shares of NYSE JLL traded up $1.89 during trading hours on Friday, reaching $229.66. The stock had a trading volume of 189,580 shares, compared to its average volume of 371,061. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 20.34 and a beta of 1.33. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50. The business's fifty day moving average price is $234.22 and its two-hundred day moving average price is $256.04.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm posted $1.78 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle 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.