Jones Lang LaSalle (NYSE:JLL) Rating Increased to Buy at StockNews.com

Jones Lang LaSalle (NYSE:JLLGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

JLL has been the topic of several other research reports. UBS Group lowered their price target on Jones Lang LaSalle from $287.00 to $247.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James raised their price objective on shares of Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $271.50.

Jones Lang LaSalle Stock Down 0.8 %

NYSE:JLL traded down $1.22 during mid-day trading on Thursday, reaching $155.92. The stock had a trading volume of 271,533 shares, compared to its average volume of 324,402. The business’s 50 day moving average is $176.72 and its 200 day moving average is $193.97. Jones Lang LaSalle has a fifty-two week low of $154.63 and a fifty-two week high of $275.77. The stock has a market cap of $7.47 billion, a P/E ratio of 8.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 2.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First National Bank of Omaha lifted its position in Jones Lang LaSalle by 0.3% in the second quarter. First National Bank of Omaha now owns 36,184 shares of the financial services provider’s stock worth $6,327,000 after purchasing an additional 110 shares during the period. Verition Fund Management LLC bought a new position in shares of Jones Lang LaSalle during the second quarter valued at $229,000. Fragasso Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 4.9% during the second quarter. Fragasso Group Inc. now owns 31,977 shares of the financial services provider’s stock valued at $5,591,000 after acquiring an additional 1,489 shares during the period. First Republic Investment Management Inc. lifted its holdings in shares of Jones Lang LaSalle by 224.2% during the second quarter. First Republic Investment Management Inc. now owns 26,677 shares of the financial services provider’s stock valued at $4,665,000 after acquiring an additional 18,448 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Jones Lang LaSalle by 178.0% during the second quarter. Captrust Financial Advisors now owns 7,445 shares of the financial services provider’s stock valued at $1,302,000 after acquiring an additional 4,767 shares during the period. 95.84% of the stock is owned by institutional investors.

About Jones Lang LaSalle

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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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