New York State Common Retirement Fund Sells 4,711 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

New York State Common Retirement Fund reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,010 shares of the financial services provider’s stock after selling 4,711 shares during the period. New York State Common Retirement Fund owned 0.09% of Jones Lang LaSalle worth $11,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JLL. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $35,000. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $264.40 on Tuesday. The firm has a market cap of $12.53 billion, a P/E ratio of 23.42 and a beta of 1.36. The firm’s 50-day simple moving average is $264.92 and its 200-day simple moving average is $263.50. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.23 EPS. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

About Jones Lang LaSalle

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.