Jones Lang LaSalle (NYSE:JLL) Rating Increased to Buy at StockNews.com

Jones Lang LaSalle (NYSE:JLLGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other equities research analysts have also weighed in on JLL. Raymond James boosted their price objective on shares of Jones Lang LaSalle from $280.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. UBS Group decreased their price objective on shares of Jones Lang LaSalle from $287.00 to $247.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.50.

Jones Lang LaSalle Stock Down 0.8 %

JLL stock traded down $1.22 during trading on Thursday, hitting $155.92. 271,533 shares of the company’s stock traded hands, compared to its average volume of 324,402. The business has a fifty day simple moving average of $176.72 and a two-hundred day simple moving average of $193.97. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. Jones Lang LaSalle has a 1 year low of $154.63 and a 1 year high of $275.77. The firm has a market capitalization of $7.47 billion, a P/E ratio of 8.00 and a beta of 1.28.

Institutional Trading of Jones Lang LaSalle

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in Jones Lang LaSalle by 510.0% during the second quarter. Millennium Management LLC now owns 245,588 shares of the financial services provider’s stock worth $42,944,000 after acquiring an additional 205,330 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Jones Lang LaSalle by 251.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 251,470 shares of the financial services provider’s stock worth $43,972,000 after buying an additional 179,861 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Jones Lang LaSalle by 738.8% during the first quarter. American Century Companies Inc. now owns 125,347 shares of the financial services provider’s stock worth $30,015,000 after buying an additional 110,403 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Jones Lang LaSalle by 258.4% during the first quarter. Renaissance Technologies LLC now owns 105,689 shares of the financial services provider’s stock worth $25,308,000 after buying an additional 76,200 shares in the last quarter. Finally, State Street Corp grew its holdings in Jones Lang LaSalle by 5.3% in the first quarter. State Street Corp now owns 1,373,781 shares of the financial services provider’s stock valued at $328,966,000 after purchasing an additional 69,533 shares during the period. Institutional investors and hedge funds own 95.84% of the company’s stock.

Jones Lang LaSalle Company Profile

(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.

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