New York Life Investment Management LLC Sells 450 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

New York Life Investment Management LLC lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,008 shares of the financial services provider’s stock after selling 450 shares during the quarter. New York Life Investment Management LLC’s holdings in Jones Lang LaSalle were worth $1,268,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in JLL. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle during the third quarter valued at about $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle during the fourth quarter valued at about $35,000. Principal Securities Inc. boosted its holdings in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 acquiring an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 2.0 %

Jones Lang LaSalle stock opened at $266.50 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 23.60 and a beta of 1.36. The stock has a 50-day moving average price of $266.19 and a 200 day moving average price of $264.47.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $4.23 earnings per share. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $309.00.

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.