New York State Common Retirement Fund Has $11.56 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

New York State Common Retirement Fund increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,610 shares of the financial services provider's stock after purchasing an additional 2,600 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Jones Lang LaSalle worth $11,555,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $231,000. Xponance Inc. increased its position in Jones Lang LaSalle by 7.6% during the first quarter. Xponance Inc. now owns 7,425 shares of the financial services provider's stock worth $1,841,000 after purchasing an additional 522 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Jones Lang LaSalle by 0.9% in the first quarter. State of Michigan Retirement System now owns 11,311 shares of the financial services provider's stock worth $2,804,000 after acquiring an additional 100 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Jones Lang LaSalle by 18.9% in the 1st quarter. Cerity Partners LLC now owns 35,941 shares of the financial services provider's stock valued at $8,910,000 after acquiring an additional 5,722 shares during the period. Finally, Hunter Associates Investment Management LLC raised its stake in shares of Jones Lang LaSalle by 9.3% in the 1st quarter. Hunter Associates Investment Management LLC now owns 14,057 shares of the financial services provider's stock valued at $3,452,000 after acquiring an additional 1,198 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on JLL shares. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. dropped 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. Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, UBS Group lifted their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $310.00.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $1.62 on Friday, reaching $253.50. The stock had a trading volume of 211,054 shares, compared to its average volume of 354,137. The business's 50-day moving average price is $240.00 and its two-hundred day moving average price is $246.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. The stock has a market cap of $12.03 billion, a P/E ratio of 22.92 and a beta of 1.34.

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

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

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.