Retirement Systems of Alabama Has $20.21 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Retirement Systems of Alabama cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,834 shares of the financial services provider’s stock after selling 7,368 shares during the period. Retirement Systems of Alabama’s holdings in Jones Lang LaSalle were worth $20,209,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after acquiring an additional 459,466 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after buying an additional 146,150 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at $24,283,000. Finally, Bamco Inc. NY increased its stake in shares of Jones Lang LaSalle by 28.3% in the 3rd quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock valued at $84,912,000 after buying an additional 69,380 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on JLL. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Finally, 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 research note on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Price Performance

JLL opened at $283.12 on Friday. The company has a fifty day simple moving average of $264.70 and a 200 day simple moving average of $260.27. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.43 billion, a P/E ratio of 28.63 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $168.36 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm posted $2.01 earnings per share. Jones Lang LaSalle’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 13.6 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.