Panagora Asset Management Inc. lowered its position in Jones Lang LaSalle Inc. (NYSE:JLL) by 36.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,467 shares of the company’s stock after selling 122,235 shares during the period. Panagora Asset Management Inc. owned approximately 0.48% of Jones Lang LaSalle worth $25,279,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Stifel Financial Corp raised its stake in shares of Jones Lang LaSalle by 6,264.9% in the fourth quarter. Stifel Financial Corp now owns 365,597 shares of the company’s stock worth $26,721,000 after buying an additional 359,853 shares during the last quarter. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $54,156,000. Atlanta Capital Management Co. L L C raised its stake in shares of Jones Lang LaSalle by 45.4% in the first quarter. Atlanta Capital Management Co. L L C now owns 776,830 shares of the company’s stock worth $91,137,000 after buying an additional 242,411 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of Jones Lang LaSalle by 16.4% in the first quarter. Investec Asset Management LTD now owns 1,435,541 shares of the company’s stock worth $168,418,000 after buying an additional 202,613 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Jones Lang LaSalle by 618.0% in the first quarter. Renaissance Technologies LLC now owns 179,500 shares of the company’s stock worth $21,059,000 after buying an additional 154,500 shares during the last quarter.
Jones Lang LaSalle Inc. (NYSE:JLL) traded up 0.19% on Wednesday, hitting $110.04. 460,774 shares of the company were exchanged. The stock has a market cap of $4.96 billion and a PE ratio of 11.85. The firm has a 50 day moving average of $107.29 and a 200-day moving average of $114.72. Jones Lang LaSalle Inc. has a 52-week low of $90.07 and a 52-week high of $179.97.
JLL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th. Keefe, Bruyette & Woods initiated coverage on shares of Jones Lang LaSalle in a report on Monday, May 16th. They issued an “outperform” rating and a $131.00 price objective on the stock. Barclays PLC reduced their price objective on shares of Jones Lang LaSalle from $141.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, May 16th. Goldman Sachs Group Inc. upgraded shares of Jones Lang LaSalle from a “neutral” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Friday, May 20th. Finally, JMP Securities restated a “buy” rating on shares of Jones Lang LaSalle in a report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $158.00.
In other Jones Lang LaSalle news, Director Piazza Samuel A. Jr. Di acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was bought at an average cost of $112.00 per share, for a total transaction of $246,400.00. Following the completion of the purchase, the director now directly owns 2,763 shares in the company, valued at $309,456. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
