Amalgamated Bank Acquires 385 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Amalgamated Bank grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,797 shares of the financial services provider’s stock after acquiring an additional 385 shares during the quarter. Amalgamated Bank’s holdings in Jones Lang LaSalle were worth $5,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JLL. Raymond James & Associates raised its position in Jones Lang LaSalle by 7.2% during the third quarter. Raymond James & Associates now owns 79,465 shares of the financial services provider’s stock valued at $11,219,000 after purchasing an additional 5,308 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Jones Lang LaSalle by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,612 shares of the financial services provider’s stock worth $2,204,000 after buying an additional 722 shares during the last quarter. Mackenzie Financial Corp bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $220,000. Strs Ohio raised its stake in shares of Jones Lang LaSalle by 15.2% during the third quarter. Strs Ohio now owns 11,059 shares of the financial services provider’s stock worth $1,561,000 after acquiring an additional 1,461 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Jones Lang LaSalle by 253.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,968 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 1,411 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JLL shares. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $191.41 on Tuesday. The company has a market cap of $9.09 billion, a PE ratio of 41.08 and a beta of 1.43. The business has a 50 day moving average of $186.47 and a 200 day moving average of $173.43. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $200.73. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $0.85 by $0.93. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 earnings per share 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.