MetLife Investment Management LLC Grows Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

MetLife Investment Management LLC raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,388 shares of the financial services provider's stock after purchasing an additional 2,193 shares during the period. MetLife Investment Management LLC owned 0.06% of Jones Lang LaSalle worth $6,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hudson Edge Investment Partners Inc. increased its position in shares of Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after purchasing an additional 40 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after acquiring an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares in the last quarter. Bessemer Group Inc. increased its stake in Jones Lang LaSalle by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after purchasing an additional 50 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group lowered their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded down $0.34 during mid-day trading on Friday, hitting $224.66. 226,910 shares of the stock were exchanged, compared to its average volume of 317,863. The company has a market cap of $10.67 billion, a PE ratio of 19.90 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 52-week low of $178.60 and a 52-week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $241.26 and a 200 day moving average of $258.23.

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 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $6.65 billion. During the same period in the previous year, the business earned $4.23 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 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.