Corebridge Financial Inc. Sells 2,446 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Corebridge Financial Inc. trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,853 shares of the financial services provider's stock after selling 2,446 shares during the period. Corebridge Financial Inc. owned about 0.11% of Jones Lang LaSalle worth $13,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Principal Securities Inc. lifted its stake in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in 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 worth $49,000 after acquiring an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Down 2.0 %

Shares of NYSE:JLL traded down $4.99 during trading on Friday, reaching $245.52. The stock had a trading volume of 191,788 shares, compared to its average volume of 305,092. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The firm's fifty day moving average is $266.72 and its 200 day moving average is $264.54. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 21.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

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Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during 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 business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target 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. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective for the company. Raymond James boosted their target price 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 raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus price target of $309.00.

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.