Public Employees Retirement System of Ohio Raises Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Public Employees Retirement System of Ohio boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 42.1% in the third quarter, Holdings Channel.com reports. The firm owned 34,379 shares of the financial services provider’s stock after acquiring an additional 10,186 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Jones Lang LaSalle were worth $9,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in JLL. CWM LLC boosted its stake in shares of Jones Lang LaSalle by 8.6% in the second quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock valued at $315,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Jones Lang LaSalle by 782.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after purchasing an additional 8,080 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Jones Lang LaSalle by 31.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 538 shares during the period. Blue Trust Inc. increased its holdings in shares of Jones Lang LaSalle by 129.8% in the 2nd quarter. Blue Trust Inc. now owns 439 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 248 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in Jones Lang LaSalle by 73.0% during the second quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider’s stock worth $54,503,000 after buying an additional 112,041 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the subject of a number of research reports. 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 company from $292.00 to $325.00 in a research report on Tuesday. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $287.71.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $274.55 on Friday. The stock has a market capitalization of $13.03 billion, a P/E ratio of 27.76 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 12-month low of $163.47 and a 12-month high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm’s 50-day moving average is $269.03 and its two-hundred day moving average is $245.13.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the company earned $2.01 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts predict that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current 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.