New York State Teachers Retirement System Has $15.79 Million Holdings in Jones Lang LaSalle Incorporated $JLL

New York State Teachers Retirement System decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,901 shares of the financial services provider’s stock after selling 1,531 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Jones Lang LaSalle worth $15,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at about $546,000. Empowered Funds LLC lifted its stake in shares of Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Jones Lang LaSalle by 33.8% in the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 126 shares during the last quarter. Cresset Asset Management LLC increased its position in Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth approximately $211,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JLL. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Barclays lifted their target price on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. UBS Group upped their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $327.58 on Friday. The firm has a 50 day moving average of $306.07 and a 200-day moving average of $318.76. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 17.61 and a beta of 1.27. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 52 week low of $246.07 and a 52 week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.31 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.