Smallwood Wealth Investment Management LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 816 shares of the financial services provider’s stock, valued at approximately $220,000.
Several other large investors also recently bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its position in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after purchasing an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after purchasing an additional 181,246 shares during the last quarter. Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after purchasing an additional 7,698 shares during the last quarter. Finally, Swedbank AB purchased a new position in Jones Lang LaSalle in the first quarter worth about $97,018,000. 94.80% of the stock is currently owned by institutional investors.
Jones Lang LaSalle Stock Down 0.6 %
NYSE JLL opened at $265.62 on Friday. The stock’s 50 day moving average is $256.23 and its 200 day moving average is $222.58. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $273.82. The stock has a market cap of $12.63 billion, a PE ratio of 42.70 and a beta of 1.37.
Analysts Set New Price Targets
Several brokerages have issued reports on JLL. UBS Group raised their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Raymond James lifted their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus target price of $246.80.
Get Our Latest Analysis on Jones Lang LaSalle
Jones Lang LaSalle Company 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.
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