Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 53,853 shares of the financial services provider’s stock after selling 2,446 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Jones Lang LaSalle worth $13,632,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Principal Securities Inc. increased its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JLL. Raymond James lifted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Finally, Keefe, Bruyette & Woods raised 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 report on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 0.1 %

Shares of Jones Lang LaSalle stock opened at $260.05 on Wednesday. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 23.03 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. The business’s 50 day simple moving average is $267.24 and its 200-day simple moving average is $264.75.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (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 company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the company posted $4.23 earnings per share. The company’s revenue for the quarter 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.

Jones Lang LaSalle Company 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.