New York State Common Retirement Fund Reduces Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

New York State Common Retirement Fund decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,010 shares of the financial services provider's stock after selling 4,711 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Jones Lang LaSalle worth $11,141,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Creative Planning grew its position in shares of Jones Lang LaSalle by 7.2% during the 3rd quarter. Creative Planning now owns 4,964 shares of the financial services provider's stock worth $1,339,000 after buying an additional 333 shares during the period. Sequoia Financial Advisors LLC grew its position in Jones Lang LaSalle by 12.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,301 shares of the financial services provider's stock valued at $351,000 after purchasing an additional 143 shares in the last quarter. International Assets Investment Management LLC boosted its position in Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock valued at $39,456,000 after purchasing an additional 146,150 shares during the last quarter. PFG Investments LLC acquired a new stake in Jones Lang LaSalle in the third quarter valued at $304,000. Finally, State of Alaska Department of Revenue lifted its stake in Jones Lang LaSalle by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,531 shares of the financial services provider's stock valued at $1,492,000 after purchasing an additional 370 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded 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 research note on Tuesday, December 10th. Wolfe Research raised shares of 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. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a 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 target price on the stock. Finally, Raymond James lifted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $309.00.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $3.63 during trading on Friday, reaching $271.40. The company had a trading volume of 417,351 shares, compared to its average volume of 348,120. The stock has a market capitalization of $12.86 billion, a P/E ratio of 24.04 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a fifty day moving average of $265.57 and a two-hundred day moving average of $263.76.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the prior year, the firm posted $4.23 earnings per share. The company's quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

About Jones Lang LaSalle

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.