New York State Teachers Retirement System Sells 1,531 Shares of Jones Lang LaSalle Incorporated $JLL

New York State Teachers Retirement System lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,901 shares of the financial services provider’s stock after selling 1,531 shares during the quarter. New York State Teachers Retirement System’s holdings in Jones Lang LaSalle were worth $15,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JLL. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $29,000. Activest Wealth Management boosted its stake in Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $35,000. Finally, True Wealth Design LLC increased its holdings in Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on JLL shares. UBS Group lifted their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Barclays lifted their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Jones Lang LaSalle Stock Performance

JLL stock opened at $327.58 on Friday. The firm has a market cap of $15.20 billion, a PE ratio of 17.61 and a beta of 1.27. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $306.07 and a 200-day moving average of $318.76. Jones Lang LaSalle Incorporated has a 12-month low of $246.07 and a 12-month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company posted $2.31 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current year.

Insider Activity at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the sale, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.