Louisiana State Employees Retirement System reduced its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the financial services provider’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Jones Lang LaSalle were worth $1,713,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in JLL. Mckinley Capital Management LLC Delaware bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $105,000. Schroder Investment Management Group increased its holdings in shares of Jones Lang LaSalle by 406.9% during the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares during the period. M&T Bank Corp bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $206,000. Parametrica Management Ltd bought a new position in shares of Jones Lang LaSalle during the third quarter worth approximately $212,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $214,000. 90.55% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Inc (NYSE:JLL) opened at $155.17 on Friday. Jones Lang LaSalle Inc has a fifty-two week low of $97.60 and a fifty-two week high of $155.89. The company has a market cap of $6,921.56, a P/E ratio of 18.65, a PEG ratio of 1.52 and a beta of 1.91. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.41. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. research analysts predict that Jones Lang LaSalle Inc will post 8.41 EPS for the current fiscal year.

Several brokerages have recently commented on JLL. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada cut shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $133.57.

In related news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the sale, the director now owns 35 shares in the company, valued at approximately $5,226.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the sale, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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