California State Teachers Retirement System Sells 529 Shares of Jones Lang LaSalle Incorporated $JLL

California State Teachers Retirement System lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,319 shares of the financial services provider's stock after selling 529 shares during the period. California State Teachers Retirement System owned 0.12% of Jones Lang LaSalle worth $16,836,174 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JLL. Hilton Head Capital Partners LLC raised its holdings in shares of Jones Lang LaSalle by 40.4% during the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider's stock worth $44,000 after purchasing an additional 42 shares during the period. Ballentine Partners LLC boosted its stake in shares of Jones Lang LaSalle by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 48 shares in the last quarter. Root Financial Partners LLC grew its stake in Jones Lang LaSalle by 27.4% in the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 48 shares during the period. HighTower Advisors LLC increased its stake in shares of Jones Lang LaSalle by 1.0% during the fourth quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider's stock valued at $1,595,000 after buying an additional 49 shares during the period. Finally, Procyon Advisors LLC increased its holdings in Jones Lang LaSalle by 3.6% in the 1st quarter. Procyon Advisors LLC now owns 1,554 shares of the financial services provider's stock worth $473,000 after acquiring an additional 54 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 0.7%

Shares of NYSE JLL traded down $2.34 during mid-day trading on Tuesday, reaching $341.21. The company had a trading volume of 80,995 shares, compared to its average volume of 433,095. The stock has a market cap of $15.70 billion, a P/E ratio of 16.35 and a beta of 1.24. The firm has a 50 day simple moving average of $353.29 and a two-hundred day simple moving average of $324.40. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.30 earnings per share. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 25.05 earnings per share for the current year.

Analyst Ratings Changes

JLL has been the topic of a number of research analyst reports. Raymond James Financial restated a "strong-buy" rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Zacks Research downgraded Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Barclays increased their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $433.60.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,000 shares of company stock valued at $2,271,060. Company insiders own 0.91% of the company's stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated NYSE: JLL, operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.

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