HighTower Advisors LLC Sells 11,135 Shares of Jones Lang LaSalle Inc (NYSE:JLL)
HighTower Advisors LLC lowered its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 35.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,036 shares of the financial services provider’s stock after selling 11,135 shares during the quarter. HighTower Advisors LLC’s holdings in Jones Lang LaSalle were worth $2,021,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Cohen & Steers Inc. bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $214,719,000. APG Asset Management N.V. boosted its holdings in Jones Lang LaSalle by 232.7% during the 1st quarter. APG Asset Management N.V. now owns 946,700 shares of the financial services provider’s stock valued at $129,993,000 after acquiring an additional 662,119 shares during the period. Norges Bank purchased a new position in Jones Lang LaSalle during the 4th quarter valued at $94,845,000. William Blair Investment Management LLC boosted its holdings in Jones Lang LaSalle by 59.5% during the 4th quarter. William Blair Investment Management LLC now owns 852,026 shares of the financial services provider’s stock valued at $148,329,000 after acquiring an additional 317,757 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Jones Lang LaSalle by 67.0% during the 1st quarter. Wellington Management Group LLP now owns 313,009 shares of the financial services provider’s stock valued at $31,608,000 after acquiring an additional 125,561 shares during the period. 95.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JLL stock opened at $101.20 on Tuesday. Jones Lang LaSalle Inc has a twelve month low of $78.29 and a twelve month high of $178.55. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 1.57 and a beta of 1.67. The stock has a fifty day simple moving average of $102.67 and a two-hundred day simple moving average of $132.56. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.56.
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $183.00 to $132.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. ValuEngine cut Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. TheStreet cut Jones Lang LaSalle from a “b-” rating to a “c+” rating in a report on Monday, March 30th. Finally, UBS Group lowered their target price on Jones Lang LaSalle from $188.00 to $119.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Jones Lang LaSalle currently has a consensus rating of “Hold” and a consensus target price of $157.00.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
Featured Story: Stock Selection – What is cash flow?
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.