Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,195 shares of the financial services provider’s stock after selling 524 shares during the period. MetLife Investment Management LLC’s holdings in Jones Lang LaSalle were worth $6,798,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares during the period. Dimensional Fund Advisors LP raised its holdings in Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after purchasing an additional 26,814 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after purchasing an additional 181,246 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after purchasing an additional 7,698 shares during the period. Finally, Equity Investment Corp increased its position in shares of Jones Lang LaSalle by 0.3% in the second quarter. Equity Investment Corp now owns 437,769 shares of the financial services provider’s stock valued at $89,865,000 after buying an additional 1,281 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JLL has been the subject of a number of research reports. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $271.50.

Jones Lang LaSalle Trading Down 0.6 %

JLL opened at $280.64 on Friday. The stock has a market capitalization of $13.31 billion, a PE ratio of 28.38 and a beta of 1.37. Jones Lang LaSalle Incorporated has a one year low of $154.43 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The business’s 50 day moving average price is $267.33 and its 200 day moving average price is $239.92.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 EPS. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 13.17 EPS 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.