New York Life Investment Management LLC Decreases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

New York Life Investment Management LLC trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,008 shares of the financial services provider’s stock after selling 450 shares during the period. New York Life Investment Management LLC’s holdings in Jones Lang LaSalle were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $35,000. Principal Securities Inc. increased its position in shares of Jones Lang LaSalle by 166.7% during the 4th 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 increased its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JLL. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Raymond James upped their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped 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. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

JLL opened at $266.50 on Tuesday. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $266.19 and its 200-day simple moving average is $264.47. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 23.60 and a beta of 1.36.

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