Teachers Retirement System of The State of Kentucky Sells 420 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,269 shares of the financial services provider’s stock after selling 420 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Jones Lang LaSalle were worth $4,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Dorsey Wright & Associates purchased a new stake in Jones Lang LaSalle in the 3rd quarter worth $4,276,000. Public Employees Retirement System of Ohio boosted its stake in Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after buying an additional 10,186 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in 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 valued at $1,871,000 after buying an additional 8,080 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Jones Lang LaSalle by 29.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $719,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JLL. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $287.71.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $269.34 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50. The company’s 50-day moving average is $269.20 and its 200 day moving average is $245.62. The firm has a market capitalization of $12.78 billion, a P/E ratio of 27.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the business earned $2.01 EPS. Jones Lang LaSalle’s revenue was up 14.8% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

About Jones Lang LaSalle

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.