Legacy Capital Wealth Partners LLC lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,141 shares of the financial services provider's stock after selling 2,159 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Jones Lang LaSalle were worth $542,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in JLL. Public Employees Retirement System of Ohio boosted its holdings in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock valued at $77,402,000 after acquiring an additional 5,663 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $4,276,000. Diversified Trust Co acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $567,000. Finally, Private Client Services LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $1,817,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Shares of Jones Lang LaSalle stock opened at $283.10 on Monday. The company has a fifty day moving average price of $264.78 and a 200 day moving average price of $261.95. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 28.62 and a beta of 1.36.
Several research analysts have weighed in on JLL shares. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a report on Monday, November 25th. 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 target for the company. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and an average price target of $309.00.
Read Our Latest Stock Report on 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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