Bamco Inc. NY Purchases New Holdings in Jones Lang LaSalle Incorporated $JLL

Bamco Inc. NY purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 151,040 shares of the financial services provider's stock, valued at approximately $46,815,000. Bamco Inc. NY owned about 0.33% of Jones Lang LaSalle as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JLL. Hilton Head Capital Partners LLC increased its position in shares of Jones Lang LaSalle by 40.4% during the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. UMB Bank n.a. lifted its position in Jones Lang LaSalle by 10.6% during the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider's stock valued at $165,000 after purchasing an additional 47 shares during the period. Ballentine Partners LLC boosted its holdings in Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider's stock worth $320,000 after purchasing an additional 48 shares during the last quarter. Root Financial Partners LLC grew its position in Jones Lang LaSalle by 27.4% in the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider's stock worth $68,000 after purchasing an additional 48 shares during the period. Finally, HighTower Advisors LLC raised its stake in Jones Lang LaSalle by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider's stock valued at $1,595,000 after buying an additional 49 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 1.8%

Shares of JLL opened at $385.60 on Thursday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a market cap of $17.74 billion, a P/E ratio of 18.48 and a beta of 1.25. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $393.84. The company's fifty day simple moving average is $341.03 and its 200-day simple moving average is $320.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts' consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

Insider Activity

In other news, CEO Christian Ulbrich sold 2,000 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares of the company's stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the transaction, the director owned 4,369 shares of the company's stock, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,805 shares of company stock valued at $2,511,297. Company insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JLL. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Weiss Ratings upgraded Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Zacks Research downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Finally, Barclays upped their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $433.60.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated NYSE: JLL is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

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