Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLLGet Rating) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,095,374 shares of the financial services provider’s stock after buying an additional 36,631 shares during the period. Jones Lang LaSalle comprises 1.6% of Cohen & Steers Inc.’s investment portfolio, making the stock its 22nd biggest holding. Cohen & Steers Inc. owned approximately 8.38% of Jones Lang LaSalle worth $980,877,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Covestor Ltd purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth approximately $25,000. Ellevest Inc. increased its stake in Jones Lang LaSalle by 1,255.6% in the 1st quarter. Ellevest Inc. now owns 122 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Jones Lang LaSalle in the 1st quarter valued at approximately $46,000. Chilton Capital Management LLC purchased a new position in Jones Lang LaSalle in the 4th quarter valued at approximately $47,000. Finally, Archer Investment Corp purchased a new position in Jones Lang LaSalle in the 1st quarter valued at approximately $48,000. 95.84% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $175.79 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a fifty day moving average of $178.63 and a two-hundred day moving average of $198.48. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 9.02 and a beta of 1.28. Jones Lang LaSalle Incorporated has a fifty-two week low of $154.63 and a fifty-two week high of $275.77.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James raised their price objective on Jones Lang LaSalle from $280.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. StockNews.com downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $279.67.

About Jones Lang LaSalle

(Get Rating)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

Featured Stories

Institutional Ownership by Quarter for Jones Lang LaSalle (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.