Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,610 shares of the financial services provider's stock after buying an additional 2,600 shares during the period. New York State Common Retirement Fund owned about 0.10% of Jones Lang LaSalle worth $11,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC boosted its stake in Jones Lang LaSalle by 4.7% during the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock worth $214,000 after purchasing an additional 38 shares during the last quarter. Ellevest Inc. increased its holdings in shares of Jones Lang LaSalle by 3.7% in the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock valued at $336,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares in the last quarter. Bessemer Group Inc. boosted its stake in Jones Lang LaSalle by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock worth $3,062,000 after buying an additional 50 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in Jones Lang LaSalle by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock valued at $1,086,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Activity at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Stock Up 2.6%

Shares of Jones Lang LaSalle stock traded up $6.48 on Tuesday, reaching $259.96. 499,208 shares of the company were exchanged, compared to its average volume of 354,876. The company has a market cap of $12.34 billion, a P/E ratio of 23.50 and a beta of 1.34. The stock's 50 day moving average price is $240.00 and its 200-day moving average price is $246.32. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a research note on Monday. They issued a "market perform" rating for the company. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday. UBS Group increased their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Citigroup lowered their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $310.00.

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.