Harbor Capital Advisors Inc. Acquires 13,981 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Harbor Capital Advisors Inc. boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 121.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,527 shares of the financial services provider's stock after purchasing an additional 13,981 shares during the period. Harbor Capital Advisors Inc. owned about 0.05% of Jones Lang LaSalle worth $6,887,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JLL. Swedbank AB bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $97,018,000. EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider's stock worth $404,235,000 after acquiring an additional 443,992 shares in the last quarter. Select Equity Group L.P. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA boosted its position in shares of Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock worth $215,419,000 after purchasing an additional 181,246 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock worth $39,456,000 after purchasing an additional 146,150 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a report on Thursday, August 8th. Raymond James increased their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Finally, StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Buy" and a consensus price target of $246.80.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $5.96 during midday trading on Friday, reaching $265.00. 365,728 shares of the stock traded hands, compared to its average volume of 268,383. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12.58 billion, a P/E ratio of 33.46 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 12 month low of $129.57 and a 12 month high of $280.48. The stock's fifty day moving average is $261.44 and its 200-day moving average is $229.03.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

Jones Lang LaSalle Company 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.