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

Corebridge Financial Inc. trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,853 shares of the financial services provider’s stock after selling 2,446 shares during the quarter. Corebridge Financial Inc.’s holdings in Jones Lang LaSalle were worth $13,632,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. FMR LLC increased its stake in Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares during the period. State Street Corp increased its stake in shares of Jones Lang LaSalle by 0.4% during the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after acquiring an additional 6,304 shares during the period. Wellington Management Group LLP raised its holdings in Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after purchasing an additional 53,066 shares in the last quarter. Geode Capital Management LLC lifted its position in Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after purchasing an additional 3,109 shares during the period. Finally, Artemis Investment Management LLP increased its position in shares of Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after purchasing an additional 62,700 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.1 %

Jones Lang LaSalle stock opened at $260.05 on Wednesday. The company has a 50 day moving average price of $267.24 and a 200 day moving average price of $264.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 23.03 and a beta of 1.36.

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

Analysts Set New Price Targets

JLL has been the subject of several research reports. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $309.00.

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.