Boston Partners cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 7.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 22,829 shares of the financial services provider’s stock after selling 1,921 shares during the period. Boston Partners’ holdings in Jones Lang LaSalle were worth $3,558,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Morgan Stanley lifted its stake in Jones Lang LaSalle by 644.6% in the 4th quarter. Morgan Stanley now owns 1,698,480 shares of the financial services provider’s stock valued at $270,687,000 after buying an additional 1,470,373 shares in the last quarter. FMR LLC boosted its stake in shares of Jones Lang LaSalle by 15.0% in the first quarter. FMR LLC now owns 3,584,866 shares of the financial services provider’s stock worth $521,562,000 after acquiring an additional 468,749 shares during the last quarter. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $74,299,000. Millennium Management LLC raised its stake in Jones Lang LaSalle by 78.7% in the 4th quarter. Millennium Management LLC now owns 856,431 shares of the financial services provider’s stock valued at $136,489,000 after purchasing an additional 377,046 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its stake in Jones Lang LaSalle by 106.3% during the 1st quarter. Southpoint Capital Advisors LP now owns 618,854 shares of the financial services provider’s stock worth $90,037,000 after purchasing an additional 318,854 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on JLL shares. Keefe, Bruyette & Woods reduced their target price on shares of Jones Lang LaSalle from $167.00 to $160.00 in a research report on Tuesday, October 3rd. StockNews.com lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Raymond James dropped their price target on Jones Lang LaSalle from $222.00 to $173.00 and set an “outperform” rating for the company in a research report on Wednesday, October 4th. Finally, Citigroup reissued a “neutral” rating and set a $178.00 price objective on shares of Jones Lang LaSalle in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $179.50.
Jones Lang LaSalle Trading Up 0.4 %
JLL opened at $154.74 on Tuesday. The business’s 50 day moving average price is $140.23 and its 200 day moving average price is $151.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $7.36 billion, a PE ratio of 32.85 and a beta of 1.36. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $188.61.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
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