New York Life Investment Management LLC Has $1.02 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

New York Life Investment Management LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,383 shares of the financial services provider’s stock after buying an additional 331 shares during the quarter. New York Life Investment Management LLC’s holdings in Jones Lang LaSalle were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D boosted its holdings in Jones Lang LaSalle by 10.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 26,900 shares of the financial services provider’s stock valued at $3,798,000 after acquiring an additional 2,441 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Jones Lang LaSalle by 11.4% in the 3rd quarter. Bamco Inc. NY now owns 238,655 shares of the financial services provider’s stock valued at $33,693,000 after purchasing an additional 24,487 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $5,148,000. Mirabella Financial Services LLP acquired a new position in Jones Lang LaSalle in the third quarter valued at $499,000. Finally, Causeway Capital Management LLC boosted its position in Jones Lang LaSalle by 11.1% during the third quarter. Causeway Capital Management LLC now owns 318,886 shares of the financial services provider’s stock valued at $45,020,000 after acquiring an additional 31,867 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $190.39 on Wednesday. The company has a market cap of $9.04 billion, a P/E ratio of 40.86 and a beta of 1.43. The company has a fifty day simple moving average of $186.54 and a 200 day simple moving average of $173.88. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $200.73.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current fiscal 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.