New York State Common Retirement Fund Acquires 1,661 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

New York State Common Retirement Fund raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned 0.74% of Jones Lang LaSalle worth $66,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of JLL. Boston Trust Walden Corp lifted its position in shares of Jones Lang LaSalle by 20.4% during the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock valued at $134,142,000 after buying an additional 120,105 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $14,415,000. Massachusetts Financial Services Co. MA lifted its position in shares of Jones Lang LaSalle by 8.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock valued at $115,506,000 after buying an additional 66,014 shares during the last quarter. Ariel Investments LLC lifted its position in shares of Jones Lang LaSalle by 3.5% during the 3rd quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock valued at $222,259,000 after buying an additional 53,883 shares during the last quarter. Finally, Klingman & Associates LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $6,948,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Price Performance

JLL opened at $182.33 on Wednesday. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The stock’s 50 day simple moving average is $186.74 and its 200 day simple moving average is $170.27. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 39.13 and a beta of 1.42.

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

Jones Lang LaSalle 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.