Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,371 shares of the financial services provider’s stock after selling 301 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Jones Lang LaSalle were worth $347,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Jones Lang LaSalle by 4.0% in the 3rd quarter. CWM LLC now owns 1,597 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 62 shares in the last quarter. Creative Planning raised its stake in shares of Jones Lang LaSalle by 7.2% in the 3rd quarter. Creative Planning now owns 4,964 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 333 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth $37,000. Trust Point Inc. acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth $233,000. Finally, Blue Trust Inc. grew its holdings in shares of Jones Lang LaSalle by 172.7% in the 3rd quarter. Blue Trust Inc. now owns 1,197 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 758 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JLL. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. 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 report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Six investment 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 currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Trading Up 1.3 %

Shares of JLL stock opened at $283.10 on Friday. The firm has a 50 day moving average price of $264.78 and a two-hundred day moving average price of $261.87. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $13.43 billion, a PE ratio of 28.62 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50.

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.