Amalgamated Bank Raises Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Amalgamated Bank increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,878 shares of the financial services provider’s stock after purchasing 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 reporting period.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $35,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.4 %

JLL opened at $267.28 on Friday. The stock’s 50 day moving average price is $265.57 and its 200-day moving average price is $263.76. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 23.67 and a beta of 1.36. 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 Incorporated has a one year low of $171.45 and a one year high of $288.50.

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

Wall Street Analyst Weigh In

JLL has been the subject of a number of research reports. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average price target of $309.00.

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.