Harbor Capital Advisors Inc. Acquires 576 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Harbor Capital Advisors Inc. boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,103 shares of the financial services provider’s stock after acquiring an additional 576 shares during the period. Harbor Capital Advisors Inc.’s holdings in Jones Lang LaSalle were worth $6,608,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle in the 3rd quarter worth approximately $37,000. Massmutual Trust Co. FSB ADV grew its stake in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares in the last quarter. Finally, Huntington National Bank grew its stake in Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $12.80 during trading on Friday, reaching $235.14. 327,917 shares of the company traded hands, compared to its average volume of 268,613. The firm has a 50 day simple moving average of $264.53 and a 200-day simple moving average of $252.45. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $11.16 billion, a PE ratio of 23.78 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52-week low of $167.11 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm posted $2.01 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Wall Street Analyst Weigh In

JLL has been the subject of a number of research reports. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $301.57.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.