Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 353,819 shares of the financial services provider’s stock after purchasing an additional 1,661 shares during the quarter. New York State Common Retirement Fund’s holdings in Jones Lang LaSalle were worth $66,826,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in shares of Jones Lang LaSalle by 78.7% during the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 96 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $47,000. NBC Securities Inc. acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $100,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $162,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $215,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 1.8 %

Shares of JLL stock opened at $182.33 on Wednesday. The firm has a 50-day moving average price of $186.74 and a 200 day moving average price of $170.27. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $200.14. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 39.13 and a beta of 1.42. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 EPS for the quarter, beating the consensus estimate of $3.70 by $0.53. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.36 EPS. Research analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on JLL. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Finally, Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.00.

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.