New York State Teachers Retirement System Has $12.50 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

New York State Teachers Retirement System decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,882 shares of the financial services provider’s stock after selling 3,800 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Jones Lang LaSalle worth $12,498,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JLL. Rise Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at $30,000. Atlas Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter valued at about $35,000. Riverview Trust Co acquired a new stake in Jones Lang LaSalle in the 1st quarter worth about $38,000. Mather Group LLC. grew its position in shares of Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Jones Lang LaSalle during the first quarter worth approximately $58,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Finally, Raymond James boosted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.33.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $259.04 on Friday. The firm has a market cap of $12.32 billion, a P/E ratio of 41.65 and a beta of 1.38. The stock’s 50 day moving average is $227.37 and its 200 day moving average is $202.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $259.91.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 12.4 EPS 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.