Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,982 shares of the financial services provider’s stock after selling 1,900 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Jones Lang LaSalle worth $15,914,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $34,000. UMB Bank n.a. increased its stake in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth $37,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Raymond James increased their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $265.00 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The company has a 50 day moving average price of $261.44 and a 200-day moving average price of $228.64. Jones Lang LaSalle Incorporated has a 1-year low of $129.57 and a 1-year high of $280.48. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 33.46 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

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.