Beacon Financial Group purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,408 shares of the financial services provider’s stock, valued at approximately $266,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its position in shares of Jones Lang LaSalle by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 6,387 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 209 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Jones Lang LaSalle by 35.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,480 shares of the financial services provider’s stock valued at $778,000 after acquiring an additional 1,430 shares during the last quarter. Paralel Advisors LLC raised its position in shares of Jones Lang LaSalle by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 13,158 shares of the financial services provider’s stock valued at $1,858,000 after acquiring an additional 164 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in Jones Lang LaSalle by 2.4% during the third quarter. Johnson Investment Counsel Inc. now owns 10,538 shares of the financial services provider’s stock worth $1,488,000 after purchasing an additional 249 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Jones Lang LaSalle in the third quarter worth $692,000. 94.80% of the stock is currently owned by institutional investors.
Jones Lang LaSalle Stock Up 0.0 %
Jones Lang LaSalle stock opened at $204.72 on Friday. The company’s 50-day moving average price is $191.96 and its two-hundred day moving average price is $184.80. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 32.91 and a beta of 1.40. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $209.79. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target for the company. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.00.
Check Out Our Latest Analysis on Jones Lang LaSalle
About Jones Lang LaSalle
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.
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