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

Bamco Inc. NY grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.6% during the first quarter, HoldingsChannel reports. The fund owned 230,515 shares of the financial services provider’s stock after purchasing an additional 10,200 shares during the period. Bamco Inc. NY’s holdings in Jones Lang LaSalle were worth $44,971,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in shares of Jones Lang LaSalle by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 96 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $30,000. Mackenzie Financial Corp boosted its position in shares of Jones Lang LaSalle by 9.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 159 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL traded up $5.73 during mid-day trading on Friday, hitting $250.83. The stock had a trading volume of 539,666 shares, compared to its average volume of 289,712. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $252.09. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 40.33 and a beta of 1.38. The company has a 50 day simple moving average of $209.84 and a 200 day simple moving average of $193.35. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. Jones Lang LaSalle’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JLL shares. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $200.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price for the company. Finally, Raymond James raised their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $233.67.

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.