Retirement Systems of Alabama increased its stake in Jones Lang LaSalle Inc. (NYSE:JLL) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 155,500 shares of the company’s stock after buying an additional 65 shares during the period. Retirement Systems of Alabama’s holdings in Jones Lang LaSalle were worth $15,153,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JNBA Financial Advisors acquired a new stake in Jones Lang LaSalle during the second quarter valued at approximately $190,000. NN Investment Partners Holdings N.V. acquired a new stake in Jones Lang LaSalle during the first quarter valued at approximately $204,000. Parametrica Management Ltd acquired a new stake in Jones Lang LaSalle during the second quarter valued at approximately $205,000. Invictus RG raised its stake in Jones Lang LaSalle by 27.7% in the first quarter. Invictus RG now owns 2,478 shares of the company’s stock valued at $291,000 after buying an additional 538 shares in the last quarter. Finally, Beacon Financial Group acquired a new stake in Jones Lang LaSalle during the second quarter valued at approximately $292,000. Institutional investors own 88.39% of the company’s stock.
Shares of Jones Lang LaSalle Inc. (NYSE:JLL) traded up 1.93% during trading on Friday, hitting $113.79. 275,378 shares of the company traded hands. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 12.59 and a beta of 1.96. Jones Lang LaSalle Inc. has a one year low of $90.07 and a one year high of $171.63. The firm has a 50 day moving average price of $115.37 and a 200-day moving average price of $113.52.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.09. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $2.05 EPS. Jones Lang LaSalle’s revenue was up 16.7% on a year-over-year basis. Analysts predict that Jones Lang LaSalle Inc. will post $9.42 EPS for the current year.
Several analysts have recently commented on JLL shares. TheStreet upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. JMP Securities reiterated a “buy” rating on shares of Jones Lang LaSalle in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC lowered their price target on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a research report on Thursday, August 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $149.20.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the sale, the director now directly owns 50,416 shares in the company, valued at approximately $5,797,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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