Public Employees Retirement Association of Colorado Sells 80 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Public Employees Retirement Association of Colorado lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,996 shares of the financial services provider’s stock after selling 80 shares during the period. Public Employees Retirement Association of Colorado owned 0.11% of Jones Lang LaSalle worth $10,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC grew its position in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,511 shares of the financial services provider’s stock valued at $1,230,000 after purchasing an additional 124 shares during the last quarter. Norges Bank bought a new position in Jones Lang LaSalle in the 4th quarter worth approximately $97,222,000. Wells Fargo & Company MN increased its position in Jones Lang LaSalle by 5.8% during the fourth quarter. Wells Fargo & Company MN now owns 42,333 shares of the financial services provider’s stock worth $7,995,000 after acquiring an additional 2,323 shares during the period. Congress Wealth Management LLC DE acquired a new position in Jones Lang LaSalle during the 4th quarter valued at $443,000. Finally, TD Asset Management Inc acquired a new stake in Jones Lang LaSalle in the 4th quarter worth $10,722,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on JLL. Keefe, Bruyette & Woods increased their target price on shares of 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 upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James lifted their price target 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. UBS Group raised their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. 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 Stock Performance

Shares of NYSE:JLL opened at $262.40 on Friday. The business has a fifty day moving average of $245.88 and a 200-day moving average of $212.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $265.63. The firm has a market cap of $12.48 billion, a PE ratio of 42.19 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results 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. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal 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.