Quadrant Capital Group LLC increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 50.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,204 shares of the financial services provider’s stock after acquiring an additional 402 shares during the quarter. Quadrant Capital Group LLC’s holdings in Jones Lang LaSalle were worth $188,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of JLL. Strategic Investment Solutions Inc. IL purchased a new stake in Jones Lang LaSalle during the first quarter valued at $29,000. Covestor Ltd raised its stake in Jones Lang LaSalle by 61.3% during the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 57 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Jones Lang LaSalle by 126.0% in the first quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 155 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at $46,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Jones Lang LaSalle by 44.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 530 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 164 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Wall Street Analysts Forecast Growth
JLL has been the topic of several recent analyst reports. Raymond James reduced their target price on shares of Jones Lang LaSalle from $222.00 to $173.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 4th. StockNews.com downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Keefe, Bruyette & Woods reduced their target price on shares of Jones Lang LaSalle from $167.00 to $160.00 in a research note on Tuesday, October 3rd. Finally, Citigroup restated a “neutral” rating and issued a $178.00 price target on shares of Jones Lang LaSalle in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $179.50.
Jones Lang LaSalle Trading Up 0.4 %
NYSE JLL opened at $154.74 on Tuesday. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $188.61. The stock has a market cap of $7.36 billion, a PE ratio of 32.85 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $140.23 and its 200-day moving average price is $151.43.
Jones Lang LaSalle Profile
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, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
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