Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 6,360 Shares of Jones Lang LaSalle Inc (JLL)

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Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 41.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,835 shares of the financial services provider’s stock after selling 6,360 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Jones Lang LaSalle were worth $1,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc. now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after purchasing an additional 432,487 shares during the period. Vanguard Group Inc raised its position in Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after purchasing an additional 432,487 shares during the period. Janus Henderson Group PLC raised its position in Jones Lang LaSalle by 12.8% in the third quarter. Janus Henderson Group PLC now owns 992,580 shares of the financial services provider’s stock valued at $143,249,000 after purchasing an additional 112,487 shares during the period. Clearbridge Investments LLC raised its position in Jones Lang LaSalle by 3.2% in the third quarter. Clearbridge Investments LLC now owns 889,876 shares of the financial services provider’s stock valued at $128,427,000 after purchasing an additional 27,957 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Jones Lang LaSalle by 10.7% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 745,594 shares of the financial services provider’s stock valued at $107,604,000 after purchasing an additional 72,051 shares during the period. 93.87% of the stock is currently owned by institutional investors.

NYSE:JLL opened at $144.39 on Monday. Jones Lang LaSalle Inc has a 52 week low of $119.79 and a 52 week high of $178.75. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66.

A number of equities research analysts have commented on JLL shares. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research report on Tuesday, November 13th. ValuEngine upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Barclays lifted their target price on Jones Lang LaSalle from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, November 16th. Finally, Bank of America downgraded Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 target price on the stock. in a research report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $165.00.

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Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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