Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Bamco Inc. NY

Bamco Inc. NY boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,710 shares of the financial services provider's stock after buying an additional 69,380 shares during the period. Bamco Inc. NY owned 0.66% of Jones Lang LaSalle worth $84,912,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Erste Asset Management GmbH acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $4,231,000. Edgestream Partners L.P. purchased a new position in shares of Jones Lang LaSalle during the third quarter worth about $1,186,000. Walleye Capital LLC increased its position in Jones Lang LaSalle by 603.1% in the 3rd quarter. Walleye Capital LLC now owns 13,739 shares of the financial services provider's stock valued at $3,707,000 after acquiring an additional 11,785 shares during the period. Vinva Investment Management Ltd purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at approximately $189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Jones Lang LaSalle by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,267 shares of the financial services provider's stock worth $40,813,000 after acquiring an additional 1,177 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded down $2.74 during midday trading on Monday, reaching $277.86. 116,065 shares of the company traded hands, compared to its average volume of 286,518. The firm has a market cap of $13.18 billion, a PE ratio of 28.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm's 50 day simple moving average is $267.69 and its two-hundred day simple moving average is $241.06. Jones Lang LaSalle Incorporated has a 1-year low of $159.52 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. Jones Lang LaSalle's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JLL. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a research note on Monday, November 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $271.50.

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.