Retirement Systems of Alabama Has $17.77 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

Retirement Systems of Alabama boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 69,468 shares of the financial services provider’s stock after acquiring an additional 277 shares during the period. Retirement Systems of Alabama’s holdings in Jones Lang LaSalle were worth $17,769,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JLL. Swedbank AB grew its holdings in Jones Lang LaSalle by 115.0% during the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after acquiring an additional 501,716 shares during the last quarter. Select Equity Group L.P. grew its holdings in Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after acquiring an additional 357,469 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Jones Lang LaSalle by 194.0% during the 1st quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider’s stock worth $98,008,000 after acquiring an additional 260,847 shares during the last quarter. Nuveen LLC bought a new stake in Jones Lang LaSalle during the 1st quarter worth about $53,533,000. Finally, EdgePoint Investment Group Inc. grew its holdings in Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock worth $455,000,000 after acquiring an additional 195,818 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.3%

Jones Lang LaSalle stock opened at $305.13 on Friday. The company’s 50 day simple moving average is $304.39 and its 200 day simple moving average is $266.65. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $322.36. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 26.24 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.10. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.55 EPS. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. The Goldman Sachs Group raised their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $338.29.

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.