The Manufacturers Life Insurance Company reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 45,508 shares of the financial services provider’s stock after selling 994 shares during the period. The Manufacturers Life Insurance Company’s holdings in Jones Lang LaSalle were worth $9,342,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in JLL. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $30,000. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $34,000. Atlas Capital Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $35,000. Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $38,000. Finally, Mather Group LLC. grew its stake in shares of Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.
Jones Lang LaSalle Stock Performance
JLL stock opened at $260.86 on Friday. The firm has a market cap of $12.41 billion, a PE ratio of 41.94 and a beta of 1.37. The business’s 50-day moving average price is $252.03 and its two-hundred day moving average price is $217.54. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $273.82. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.
Analysts Set New Price Targets
JLL has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. UBS Group lifted their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $246.80.
Get Our Latest Research Report on Jones Lang LaSalle
About Jones Lang LaSalle
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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