Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 25,132.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,459 shares of the financial services provider's stock after purchasing an additional 211,617 shares during the period. GAMMA Investing LLC owned 0.45% of Jones Lang LaSalle worth $52,671,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of JLL. Private Trust Co. NA lifted its holdings in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. raised its position in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after buying an additional 110 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after buying an additional 72 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised its position in shares of Jones Lang LaSalle by 80.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 225 shares of the financial services provider's stock valued at $57,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JLL shares. Wall Street Zen lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. cut 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 report on Thursday, April 10th. Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, UBS Group dropped their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $305.00.

Jones Lang LaSalle Trading Up 2.2%

Shares of Jones Lang LaSalle stock traded up $4.86 during trading hours on Wednesday, hitting $229.78. The company's stock had a trading volume of 424,803 shares, compared to its average volume of 331,436. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The business has a fifty day moving average of $224.59 and a 200 day moving average of $250.69. The company has a market capitalization of $10.91 billion, a PE ratio of 20.35 and a beta of 1.33. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.