Amalgamated Bank Has $6.15 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Amalgamated Bank lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,942 shares of the financial services provider’s stock after selling 2,410 shares during the period. Amalgamated Bank owned 0.06% of Jones Lang LaSalle worth $6,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JLL. SG Americas Securities LLC lifted its stake in shares of Jones Lang LaSalle by 368.4% during the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after buying an additional 16,521 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Jones Lang LaSalle by 25.5% during the first quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock worth $17,418,000 after acquiring an additional 18,156 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Jones Lang LaSalle by 112.2% during the fourth quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock worth $11,470,000 after purchasing an additional 32,104 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Jones Lang LaSalle by 433.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 9,381 shares during the last quarter. Finally, BDF Gestion acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at $3,550,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Raymond James raised their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average price target of $246.80.

Jones Lang LaSalle Stock Down 0.3 %

NYSE JLL opened at $262.58 on Friday. The business has a fifty day moving average price of $245.14 and a two-hundred day moving average price of $211.96. The stock has a market capitalization of $12.49 billion, a PE ratio of 42.22 and a beta of 1.37. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $265.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $0.50 EPS. Jones Lang LaSalle’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

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.