Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,629 shares of the financial services provider’s stock after selling 2,399 shares during the period. California Public Employees Retirement System owned 0.18% of Jones Lang LaSalle worth $16,550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JLL. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 20.4% in the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock worth $134,142,000 after buying an additional 120,105 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $14,415,000. Massachusetts Financial Services Co. MA boosted its position in shares of Jones Lang LaSalle by 8.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock valued at $115,506,000 after purchasing an additional 66,014 shares in the last quarter. Ariel Investments LLC raised its holdings in shares of Jones Lang LaSalle by 3.5% in the 3rd quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock worth $222,259,000 after purchasing an additional 53,883 shares in the last quarter. Finally, Klingman & Associates LLC acquired a new stake in Jones Lang LaSalle during the third quarter valued at approximately $6,948,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $183.61 on Tuesday. The company has a 50 day simple moving average of $186.36 and a 200-day simple moving average of $171.57. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 39.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.53. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter last year, the business posted $4.36 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.00.

Jones Lang LaSalle 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.