State of Alaska Department of Revenue Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

State of Alaska Department of Revenue cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,411 shares of the financial services provider’s stock after selling 120 shares during the period. State of Alaska Department of Revenue’s holdings in Jones Lang LaSalle were worth $1,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in Jones Lang LaSalle in the third quarter valued at approximately $34,000. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at about $37,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $35,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares during the period. Finally, Huntington National Bank boosted its stake in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 38 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 2.1 %

Shares of JLL opened at $270.91 on Thursday. The firm’s 50-day simple moving average is $264.54 and its 200 day simple moving average is $261.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $12.85 billion, a P/E ratio of 27.39 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52 week low of $169.05 and a 52 week high of $288.50.

Analyst Upgrades and Downgrades

Several research firms recently commented on JLL. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $309.00.

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.