State of Alaska Department of Revenue Sells 120 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

State of Alaska Department of Revenue lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. SG Americas Securities LLC boosted its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after buying an additional 275,606 shares during the period. International Assets Investment Management LLC boosted its holdings in Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after purchasing an additional 146,150 shares during the period. Lord Abbett & CO. LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at $24,283,000. Finally, Bamco Inc. NY raised its position in shares of Jones Lang LaSalle by 28.3% during the 3rd quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock valued at $84,912,000 after buying an additional 69,380 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 2.1 %

NYSE JLL opened at $270.91 on Thursday. The firm has a market cap of $12.85 billion, a PE 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. The business’s fifty day simple moving average is $264.54 and its 200-day simple moving average is $261.44. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. JPMorgan Chase & Co. lifted 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 report on Monday, December 16th. Raymond James upped their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $309.00.

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.