Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,843 shares of the financial services provider’s stock after purchasing an additional 5,289 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of Jones Lang LaSalle worth $10,114,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. QRG Capital Management Inc. increased its position in Jones Lang LaSalle by 7.2% during the 1st quarter. QRG Capital Management Inc. now owns 5,536 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 371 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Jones Lang LaSalle by 7.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 14,441 shares of the financial services provider’s stock worth $2,817,000 after purchasing an additional 1,025 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $710,000. Illinois Municipal Retirement Fund acquired a new stake in Jones Lang LaSalle in the first quarter valued at approximately $848,000. Finally, Equity Investment Corp grew its position in Jones Lang LaSalle by 4.4% in the first quarter. Equity Investment Corp now owns 436,488 shares of the financial services provider’s stock valued at $85,154,000 after acquiring an additional 18,373 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JLL. JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective for the company. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.33.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $230.74 on Friday. The stock has a 50 day moving average of $206.12 and a 200-day moving average of $191.12. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $237.83. The stock has a market cap of $10.97 billion, a P/E ratio of 37.10 and a beta of 1.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that Jones Lang LaSalle Incorporated will post 12.35 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.