Amalgamated Bank Sells 2,410 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Amalgamated Bank lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,942 shares of the financial services provider’s stock after selling 2,410 shares during the period. Amalgamated Bank’s holdings in Jones Lang LaSalle were worth $6,146,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Jones Lang LaSalle by 368.4% in the first quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after buying an additional 16,521 shares during the period. Retirement Systems of Alabama increased its position in Jones Lang LaSalle by 25.5% in the 1st quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after acquiring an additional 18,156 shares during the period. Allianz Asset Management GmbH raised 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 valued at $11,470,000 after acquiring an additional 32,104 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Jones Lang LaSalle by 433.3% during the second 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 period. Finally, BDF Gestion acquired a new stake in Jones Lang LaSalle in the second quarter valued at $3,550,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Down 0.3 %

NYSE:JLL opened at $262.58 on Friday. The firm has a fifty day simple moving average of $245.14 and a two-hundred day simple moving average of $211.96. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $265.63. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 42.22 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on JLL. JPMorgan Chase & Co. lifted their target price on 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 upped their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Raymond James increased their price objective on shares of 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. Finally, 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 report on Wednesday, July 3rd. Two research 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $246.80.

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.