Allspring Global Investments Holdings LLC Purchases 114,168 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Allspring Global Investments Holdings LLC lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 688.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,752 shares of the financial services provider’s stock after acquiring an additional 114,168 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.28% of Jones Lang LaSalle worth $32,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after acquiring an additional 10,186 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after purchasing an additional 5,663 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth $4,276,000. Diversified Trust Co acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $567,000. Finally, Private Client Services LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $1,817,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 1.3 %

JLL stock opened at $283.10 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $13.43 billion, a P/E ratio of 28.62 and a beta of 1.36. The business has a 50-day moving average of $264.78 and a 200-day moving average of $261.77. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JLL shares. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Raymond James lifted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $309.00.

About Jones Lang LaSalle

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.