TKG Advisors LLC Grows Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

TKG Advisors LLC boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,935 shares of the financial services provider’s stock after purchasing an additional 1,358 shares during the quarter. Jones Lang LaSalle comprises 2.6% of TKG Advisors LLC’s portfolio, making the stock its 11th largest position. TKG Advisors LLC’s holdings in Jones Lang LaSalle were worth $5,505,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Creative Planning raised its stake in Jones Lang LaSalle by 7.2% during the third quarter. Creative Planning now owns 4,964 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 333 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $37,000. Blue Trust Inc. boosted its stake in Jones Lang LaSalle by 172.7% in the 3rd quarter. Blue Trust Inc. now owns 1,197 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 758 shares in the last quarter. Resonant Capital Advisors LLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at about $249,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Jones Lang LaSalle by 12.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,301 shares of the financial services provider’s stock worth $351,000 after buying an additional 143 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 0.6 %

Shares of JLL stock opened at $281.09 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a fifty day simple moving average of $265.23 and a two-hundred day simple moving average of $262.50. The firm has a market capitalization of $13.33 billion, a PE ratio of 28.42 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JLL shares. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised shares of 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. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Company 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.