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

Harbor Capital Advisors Inc. increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,103 shares of the financial services provider’s stock after buying an additional 576 shares during the period. Harbor Capital Advisors Inc. owned 0.06% of Jones Lang LaSalle worth $6,608,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. Select Equity Group L.P. acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $55,152,000. Massachusetts Financial Services Co. MA raised its position in shares of Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after buying an additional 181,246 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after buying an additional 146,150 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Jones Lang LaSalle by 43.0% in the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after buying an additional 99,613 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 5.2 %

NYSE JLL traded down $12.80 on Friday, hitting $235.14. 327,917 shares of the company were exchanged, compared to its average volume of 268,613. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $264.53 and a 200-day moving average of $252.45. Jones Lang LaSalle Incorporated has a 12 month low of $167.11 and a 12 month high of $288.50. The company has a market cap of $11.16 billion, a PE ratio of 23.78 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share 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 company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the firm earned $2.01 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JLL. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. upped their price objective 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, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.