Aperio Group LLC Increases Position in Jones Lang LaSalle Inc (JLL)
Aperio Group LLC boosted its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,033 shares of the financial services provider’s stock after acquiring an additional 1,862 shares during the period. Aperio Group LLC’s holdings in Jones Lang LaSalle were worth $6,409,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in JLL. M&T Bank Corp purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at about $206,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Jones Lang LaSalle by 3.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 77 shares during the last quarter. Bank of Nova Scotia acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at about $3,750,000. Lord Abbett & CO. LLC acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at about $3,375,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at about $251,000. 90.77% of the stock is owned by institutional investors.
Jones Lang LaSalle Inc (NYSE JLL) opened at $151.97 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. Jones Lang LaSalle Inc has a fifty-two week low of $101.83 and a fifty-two week high of $158.82. The company has a market cap of $6,816.06, a P/E ratio of 27.38, a PEG ratio of 1.42 and a beta of 1.85.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the transaction, the director now directly owns 35 shares in the company, valued at approximately $5,226.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.
Several equities analysts have weighed in on JLL shares. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Monday, February 5th. Wedbush set a $158.00 target price on shares of Jones Lang LaSalle and gave the company a “hold” rating in a report on Monday. JMP Securities lowered shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Finally, Raymond James Financial started coverage on shares of Jones Lang LaSalle in a report on Tuesday, February 6th. They issued an “outperform” rating and a $175.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $151.38.
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Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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