California State Teachers Retirement System Decreases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

California State Teachers Retirement System lessened its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,396 shares of the financial services provider's stock after selling 1,278 shares during the quarter. California State Teachers Retirement System owned about 0.09% of Jones Lang LaSalle worth $11,238,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JLL. EdgePoint Investment Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after acquiring an additional 88,479 shares during the period. Invesco Ltd. raised its position in shares of Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after acquiring an additional 8,274 shares during the last quarter. Geode Capital Management LLC lifted its position in Jones Lang LaSalle by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after purchasing an additional 41,331 shares during the period. Norges Bank bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $149,468,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Jones Lang LaSalle by 13.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after purchasing an additional 65,407 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the topic of several recent research reports. UBS Group dropped their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $305.00.

Jones Lang LaSalle Trading Up 1.8%

JLL stock traded up $3.95 during mid-day trading on Tuesday, reaching $225.01. The company's stock had a trading volume of 493,402 shares, compared to its average volume of 330,883. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $225.11 and its 200 day moving average price is $250.87. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 19.93 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

About Jones Lang LaSalle

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.