First Horizon Advisors Inc. decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 24.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 728 shares of the financial services provider's stock after selling 236 shares during the quarter. First Horizon Advisors Inc.'s holdings in Jones Lang LaSalle were worth $126,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Jones Lang LaSalle by 738.8% in the 1st quarter. American Century Companies Inc. now owns 125,347 shares of the financial services provider's stock valued at $30,015,000 after purchasing an additional 110,403 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Jones Lang LaSalle by 258.4% in the 1st quarter. Renaissance Technologies LLC now owns 105,689 shares of the financial services provider's stock valued at $25,308,000 after purchasing an additional 76,200 shares in the last quarter. State Street Corp increased its position in shares of Jones Lang LaSalle by 5.3% during the 1st quarter. State Street Corp now owns 1,373,781 shares of the financial services provider's stock worth $328,966,000 after purchasing an additional 69,533 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in Jones Lang LaSalle during the 1st quarter valued at about $14,747,000. Finally, Boston Trust Walden Corp grew its stake in Jones Lang LaSalle by 19.0% during the second quarter. Boston Trust Walden Corp now owns 305,371 shares of the financial services provider's stock worth $53,398,000 after buying an additional 48,655 shares during the last quarter. Institutional investors own 95.84% of the company's stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $157.16 on Monday. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 8.16 and a beta of 1.28. Jones Lang LaSalle Incorporated has a 12-month low of $147.23 and a 12-month high of $275.77. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The business's 50-day simple moving average is $166.64 and its 200 day simple moving average is $182.61.

Analyst Ratings Changes

JLL has been the topic of several recent analyst reports. UBS Group reduced their target price on Jones Lang LaSalle from $287.00 to $247.00 and set a "buy" rating on the stock in a report on Wednesday, September 21st. The Goldman Sachs Group lowered their target price on Jones Lang LaSalle from $193.00 to $171.00 and set a "sell" rating for the company in a research note on Wednesday, October 19th. StockNews.com initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, October 12th. They issued a "buy" rating for the company. Finally, Raymond James reduced their target price on shares of Jones Lang LaSalle from $287.00 to $267.00 and set an "outperform" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $255.00.

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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