Amalgamated Bank Trims Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Amalgamated Bank trimmed its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,830 shares of the financial services provider's stock after selling 7,112 shares during the period. Amalgamated Bank's holdings in Jones Lang LaSalle were worth $6,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV grew its holdings in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 39 shares during the period. Innealta Capital LLC acquired a new stake in Jones Lang LaSalle in the second quarter valued at approximately $34,000. Finally, Mather Group LLC. grew its holdings in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 219 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 1.3 %

Shares of NYSE JLL traded up $3.58 during midday trading on Friday, hitting $269.02. The company's stock had a trading volume of 347,178 shares, compared to its average volume of 287,053. The business's fifty day simple moving average is $262.71 and its two-hundred day simple moving average is $231.27. 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 Incorporated has a 1 year low of $136.83 and a 1 year high of $288.50. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 26.83 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm posted $2.01 earnings per share. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

Analyst Ratings Changes

JLL has been the topic of several research reports. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research report on Thursday, August 8th. Finally, Raymond James lifted their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $246.80.

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.