Arizona State Retirement System Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Arizona State Retirement System grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,776 shares of the financial services provider’s stock after purchasing an additional 81 shares during the period. Arizona State Retirement System’s holdings in Jones Lang LaSalle were worth $3,487,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FMR LLC raised its position in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after purchasing an additional 114,168 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Jones Lang LaSalle during the third quarter worth about $24,283,000. Finally, Bamco Inc. NY grew its position in Jones Lang LaSalle by 28.3% during the third quarter. Bamco Inc. NY now owns 314,710 shares of the financial services provider’s stock worth $84,912,000 after buying an additional 69,380 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group started 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 research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Trading Down 2.6 %

Shares of JLL opened at $250.29 on Monday. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The stock’s 50-day moving average is $266.64 and its two-hundred day moving average is $264.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market cap of $11.86 billion, a PE ratio of 22.17 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the previous year, the company posted $4.23 EPS. Jones Lang LaSalle’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.