Havemeyer Place LP bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,029 shares of the financial services provider’s stock, valued at approximately $1,019,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenleaf Trust raised its holdings in shares of Jones Lang LaSalle by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 30 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 30 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 40 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Jones Lang LaSalle by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 49 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Jones Lang LaSalle Price Performance
NYSE:JLL opened at $295.76 on Monday. Jones Lang LaSalle Incorporated has a 1-year low of $228.48 and a 1-year high of $363.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $312.04 and a 200 day simple moving average of $321.25. The stock has a market capitalization of $13.72 billion, a PE ratio of 15.90 and a beta of 1.29.
Insiders Place Their Bets
In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.91% of the company’s stock.
Wall Street Analyst Weigh In
JLL has been the topic of a number of recent research reports. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Barclays lifted their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.
Check Out Our Latest Research Report on JLL
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.
Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.
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