7,217 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Acquired by Calamos Advisors LLC

Calamos Advisors LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, Holdings Channel reports. The fund purchased 7,217 shares of the financial services provider’s stock, valued at approximately $1,827,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank boosted its holdings in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after buying an additional 38 shares during the period. CIBC Asset Management Inc grew its position in shares of Jones Lang LaSalle by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the last quarter. Greenleaf Trust increased its stake in shares of Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 47 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the period. Finally, First Bank & Trust grew its holdings in Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after buying an additional 54 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Wolfe Research raised 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. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Trading Up 0.8 %

Shares of NYSE JLL opened at $278.90 on Wednesday. The stock has a market cap of $13.23 billion, a P/E ratio of 28.20 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a 52-week low of $168.36 and a 52-week high of $288.50. The firm has a 50 day moving average price of $264.63 and a two-hundred day moving average price of $259.93.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 EPS. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 EPS for the current 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.