Harbor Capital Advisors Inc. Has $8.28 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Harbor Capital Advisors Inc. boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 28.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,402 shares of the financial services provider's stock after buying an additional 7,299 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.07% of Jones Lang LaSalle worth $8,281,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JLL. Norges Bank acquired a new stake in Jones Lang LaSalle in the 4th quarter worth approximately $149,468,000. Marshall Wace LLP lifted its stake in shares of Jones Lang LaSalle by 134.5% in the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after buying an additional 214,087 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Jones Lang LaSalle by 25,132.7% during the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock worth $52,671,000 after buying an additional 211,617 shares during the period. Millennium Management LLC grew its stake in Jones Lang LaSalle by 146.2% in the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock valued at $84,916,000 after buying an additional 199,197 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth $29,271,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded down $4.80 during trading on Friday, hitting $236.79. 706,512 shares of the company's stock traded hands, compared to its average volume of 338,606. The company has a market cap of $11.24 billion, a PE ratio of 20.97 and a beta of 1.31. The firm's fifty day moving average price is $224.80 and its 200 day moving average price is $249.02. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JLL. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group dropped their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Citigroup dropped their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $305.00.

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.