California Public Employees Retirement System Has $16.55 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

California Public Employees Retirement System lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 87,629 shares of the financial services provider’s stock after selling 2,399 shares during the period. California Public Employees Retirement System’s holdings in Jones Lang LaSalle were worth $16,550,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Handelsbanken Fonder AB grew its stake in shares of Jones Lang LaSalle by 8.1% during the fourth quarter. Handelsbanken Fonder AB now owns 8,018 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Jones Lang LaSalle by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,818 shares of the financial services provider’s stock worth $3,176,000 after buying an additional 1,206 shares during the period. Mackenzie Financial Corp increased its stake in shares of Jones Lang LaSalle by 9.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 159 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $2,531,000. Finally, WCM Investment Management LLC boosted its stake in Jones Lang LaSalle by 13.4% during the 4th quarter. WCM Investment Management LLC now owns 36,692 shares of the financial services provider’s stock worth $6,971,000 after acquiring an additional 4,339 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $183.61 on Tuesday. The stock has a 50-day moving average price of $186.36 and a two-hundred day moving average price of $171.57. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.14. The stock has a market cap of $8.72 billion, a PE ratio of 39.40 and a beta of 1.42. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. Jones Lang LaSalle’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.36 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of several recent analyst reports. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. StockNews.com raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Jefferies Financial Group began coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target on the stock. Finally, Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $206.00.

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.