Cohen & Steers Inc. trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,188,093 shares of the financial services provider’s stock after selling 807,104 shares during the quarter. Jones Lang LaSalle makes up approximately 1.1% of Cohen & Steers Inc.’s holdings, making the stock its 26th largest position. Cohen & Steers Inc. owned 6.72% of Jones Lang LaSalle worth $481,513,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds have also made changes to their positions in JLL. Tobam acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth $29,000. Covestor Ltd lifted its holdings in Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 57 shares during the last quarter. Ronald Blue Trust Inc. acquired a new position in Jones Lang LaSalle in the second quarter valued at approximately $41,000. C M Bidwell & Associates Ltd. bought a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $46,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $46,000. 93.64% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on JLL shares. Citigroup assumed coverage on Jones Lang LaSalle in a research note on Friday, January 27th. They set a “neutral” rating and a $200.00 price objective for the company. StockNews.com downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Raymond James decreased their target price on shares of Jones Lang LaSalle from $243.00 to $239.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Finally, Wolfe Research cut Jones Lang LaSalle from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $238.40.
Jones Lang LaSalle Stock Down 1.5 %
Jones Lang LaSalle stock opened at $169.16 on Friday. The company’s 50-day moving average price is $171.59 and its two-hundred day moving average price is $166.71. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 9.50 and a beta of 1.26. Jones Lang LaSalle Incorporated has a 52 week low of $135.35 and a 52 week high of $250.87. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.32.
Jones Lang LaSalle Profile
Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
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