Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 42.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,379 shares of the financial services provider’s stock after purchasing an additional 10,186 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Jones Lang LaSalle worth $9,276,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at $34,000. UMB Bank n.a. increased its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $37,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $34,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $274.55 on Friday. The firm has a market capitalization of $13.03 billion, a P/E ratio of 27.76 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52 week low of $163.47 and a 52 week high of $288.50. The firm’s 50 day moving average is $269.03 and its two-hundred day moving average is $245.13.

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