Jones Lang LaSalle (NYSE:JLL) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Jones Lang LaSalle (NYSE:JLLGet Rating) from a buy rating to a hold rating in a report issued on Thursday.

Separately, Raymond James boosted their target price on Jones Lang LaSalle from $280.00 to $287.00 and gave the company an outperform rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $279.67.

Jones Lang LaSalle Stock Up 1.4 %

Shares of NYSE:JLL opened at $173.98 on Thursday. Jones Lang LaSalle has a 1 year low of $154.63 and a 1 year high of $275.77. The business has a 50 day simple moving average of $178.74 and a two-hundred day simple moving average of $198.97. The firm has a market capitalization of $8.34 billion, a PE ratio of 8.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 2.28.

Institutional Trading of Jones Lang LaSalle

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Jones Lang LaSalle by 8.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,646 shares of the financial services provider’s stock valued at $3,028,000 after acquiring an additional 1,008 shares in the last quarter. Csenge Advisory Group bought a new position in Jones Lang LaSalle in the first quarter worth approximately $225,000. Goldman Sachs Group Inc. raised its stake in Jones Lang LaSalle by 8.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 321,110 shares of the financial services provider’s stock worth $86,488,000 after buying an additional 26,161 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Jones Lang LaSalle by 15.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,582 shares of the financial services provider’s stock worth $1,773,000 after buying an additional 867 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its stake in Jones Lang LaSalle by 3.5% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 29,683 shares of the financial services provider’s stock worth $7,108,000 after buying an additional 992 shares in the last quarter. Institutional investors own 95.84% of the company’s stock.

About Jones Lang LaSalle

(Get Rating)

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 and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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