Rhumbline Advisers Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Rhumbline Advisers cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 137,341 shares of the financial services provider’s stock after selling 2,010 shares during the quarter. Rhumbline Advisers’ holdings in Jones Lang LaSalle were worth $34,766,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JLL. Huntington National Bank grew its stake in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 38 shares in the last quarter. CIBC Asset Management Inc grew its stake in Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares in the last quarter. Greenleaf Trust raised its position in shares of Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares during the last quarter. Finally, First Bank & Trust grew its position in shares of Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock worth $607,000 after buying an additional 54 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $281.09 on Wednesday. The firm has a fifty day moving average of $265.23 and a 200-day moving average of $262.50. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 28.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50.

Analyst Ratings Changes

Several analysts recently issued reports on JLL shares. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Six 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, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $309.00.

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.