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 cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.7% in the third quarter, HoldingsChannel reports. The firm 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 SEC filing.

Several other hedge funds have also made changes to their positions in JLL. FMR LLC raised its holdings in shares of 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 valued at $952,624,000 after acquiring an additional 459,466 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock valued at $302,318,000 after purchasing an additional 26,814 shares in the last quarter. State Street Corp boosted its stake in shares of Jones Lang LaSalle by 0.4% during the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after purchasing an additional 6,304 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after buying an additional 181,246 shares during the period. Finally, Wellington Management Group LLP raised its stake in Jones Lang LaSalle by 6.3% in the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after buying an additional 53,066 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JLL has been the topic of a number of analyst reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $287.71.

Jones Lang LaSalle Stock Down 1.9 %

JLL stock opened at $269.34 on Friday. The stock has a market capitalization of $12.78 billion, a PE ratio of 27.23 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 52 week low of $167.11 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $269.20 and a 200 day moving average of $245.62.

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

Jones Lang LaSalle 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.