Public Employees Retirement Association of Colorado decreased its stake in shares of Jones Lang LaSalle Inc. (NYSE:JLL) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 113,397 shares of the company’s stock after selling 616 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Jones Lang LaSalle were worth $11,051,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. bought a new position in shares of Jones Lang LaSalle during the first quarter worth approximately $204,000. JNBA Financial Advisors acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth about $190,000. Parametrica Management Ltd acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth about $205,000. Invictus RG raised its stake in shares of Jones Lang LaSalle by 27.7% in the first quarter. Invictus RG now owns 2,478 shares of the company’s stock worth $291,000 after buying an additional 538 shares during the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of Jones Lang LaSalle by 5.5% in the first quarter. Commonwealth Equity Services Inc now owns 2,889 shares of the company’s stock worth $339,000 after buying an additional 150 shares during the last quarter. 88.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jones Lang LaSalle Inc. (NYSE:JLL) traded down 1.41% on Friday, hitting $100.70. The stock had a trading volume of 318,482 shares. The firm’s 50-day moving average price is $113.12 and its 200 day moving average price is $112.90. The firm has a market cap of $4.55 billion, a P/E ratio of 11.15 and a beta of 1.85. Jones Lang LaSalle Inc. has a 12 month low of $90.07 and a 12 month high of $171.63.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.09. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $2.05 EPS. Analysts anticipate that Jones Lang LaSalle Inc. will post $9.42 EPS for the current fiscal year.
JLL has been the subject of a number of analyst reports. Zacks Investment Research upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Barclays PLC cut their price target on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th. Wedbush initiated coverage on Jones Lang LaSalle in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $126.00 price target for the company. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Finally, TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $145.33.
In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the director now owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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