Traders bought shares of Jones Lang LaSalle Inc (NYSE:JLL) on weakness during trading on Monday. $28.64 million flowed into the stock on the tick-up and $11.47 million flowed out of the stock on the tick-down, for a money net flow of $17.17 million into the stock. Of all companies tracked, Jones Lang LaSalle had the 32nd highest net in-flow for the day. Jones Lang LaSalle traded down ($0.22) for the day and closed at $158.23
JLL has been the topic of a number of research reports. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays upped their target price on Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $151.38.
The stock has a market capitalization of $7,230.00, a PE ratio of 28.78, a P/E/G ratio of 1.46 and a beta of 1.85. The company has a current ratio of 1.34, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21.
In related news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the sale, the director now directly owns 35 shares of the company’s stock, valued at approximately $5,226.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Jones Lang LaSalle by 4.7% in the 4th quarter. BlackRock Inc. now owns 4,460,055 shares of the financial services provider’s stock valued at $664,236,000 after purchasing an additional 202,060 shares during the period. Atlanta Capital Management Co. L L C grew its stake in Jones Lang LaSalle by 5.7% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,549,343 shares of the financial services provider’s stock valued at $230,744,000 after purchasing an additional 83,657 shares during the period. TCW Group Inc. grew its stake in Jones Lang LaSalle by 3.3% in the 3rd quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock valued at $110,545,000 after purchasing an additional 28,263 shares during the period. Clearbridge Investments LLC grew its stake in Jones Lang LaSalle by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 850,524 shares of the financial services provider’s stock valued at $126,669,000 after purchasing an additional 4,515 shares during the period. Finally, William Blair Investment Management LLC grew its stake in Jones Lang LaSalle by 3.6% in the 4th quarter. William Blair Investment Management LLC now owns 770,056 shares of the financial services provider’s stock valued at $114,684,000 after purchasing an additional 27,039 shares during the period. 92.40% of the stock is owned by institutional investors and hedge funds.
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Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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