Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $186.14.
Several equities analysts have commented on the stock. Raymond James increased their price objective on shares of Jones Lang LaSalle from $173.00 to $199.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. UBS Group lowered their price objective on shares of Jones Lang LaSalle from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd.
Jones Lang LaSalle Price Performance
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd increased its stake in Jones Lang LaSalle by 61.3% in the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after buying an additional 57 shares during the period. Cerity Partners LLC increased its stake in Jones Lang LaSalle by 2.0% in the 2nd quarter. Cerity Partners LLC now owns 3,042 shares of the financial services provider’s stock worth $474,000 after buying an additional 61 shares during the period. Tributary Capital Management LLC increased its position in Jones Lang LaSalle by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 83 shares during the period. HighTower Advisors LLC increased its position in Jones Lang LaSalle by 2.5% during the 1st quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 84 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.
About Jones Lang LaSalle
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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