Calamos Advisors LLC Invests $1.83 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Calamos Advisors LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 7,217 shares of the financial services provider’s stock, valued at approximately $1,827,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the third quarter worth $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle in the fourth quarter valued at about $35,000. UMB Bank n.a. increased its holdings in shares of 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 worth $36,000 after acquiring an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $37,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of 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. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price 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. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $292.00 to $325.00 in a research note 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 objective for the company in a research report on Monday, November 25th. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Up 0.8 %

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

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

Jones Lang LaSalle 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.