GAMMA Investing LLC Purchases 118 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

GAMMA Investing LLC raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 842 shares of the financial services provider’s stock after purchasing an additional 118 shares during the period. GAMMA Investing LLC’s holdings in Jones Lang LaSalle were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JLL. FMR LLC grew its stake in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares in the last quarter. Select Equity Group L.P. purchased a new position in shares of Jones Lang LaSalle in the second quarter valued at $55,152,000. Massachusetts Financial Services Co. MA raised its stake in shares of Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after purchasing an additional 181,246 shares during the period. International Assets Investment Management LLC lifted its holdings in Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after purchasing an additional 146,150 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Jones Lang LaSalle by 43.0% in the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock worth $89,446,000 after purchasing an additional 99,613 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $249.42 on Wednesday. The business’s 50-day moving average price is $265.55 and its 200-day moving average price is $252.52. The firm has a market capitalization of $11.83 billion, a PE ratio of 25.22 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $167.11 and a 12 month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and a consensus price target of $301.57.

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.