Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,776 shares of the financial services provider’s stock after buying an additional 81 shares during the quarter. Arizona State Retirement System’s holdings in Jones Lang LaSalle were worth $3,487,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after acquiring an additional 459,466 shares in the last quarter. State Street Corp raised its stake in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after purchasing an additional 6,304 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after purchasing an additional 53,066 shares during the last quarter. Geode Capital Management LLC grew its stake in Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after purchasing an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after buying an additional 62,700 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Down 2.6 %

JLL stock opened at $250.29 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $266.64 and its 200 day simple moving average is $264.86. The stock has a market cap of $11.86 billion, a PE ratio of 22.17 and a beta of 1.36. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the previous year, the company posted $4.23 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 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.