New York State Teachers Retirement System Lowers Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

New York State Teachers Retirement System lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,781 shares of the financial services provider's stock after selling 2,801 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Jones Lang LaSalle worth $13,581,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JLL. Norges Bank purchased a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $149,468,000. Marshall Wace LLP lifted its holdings in shares of Jones Lang LaSalle by 134.5% in the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after buying an additional 214,087 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Jones Lang LaSalle by 25,132.7% in the first quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock worth $52,671,000 after buying an additional 211,617 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Jones Lang LaSalle by 146.2% in the fourth quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after buying an additional 199,197 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Jones Lang LaSalle by 51.5% in the first quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock worth $104,789,000 after buying an additional 143,623 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Activity at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JLL. Keefe, Bruyette & Woods lowered their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Citigroup cut their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, UBS Group boosted their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $310.00.

Jones Lang LaSalle Trading Up 0.6%

Shares of NYSE JLL traded up $1.64 during mid-day trading on Friday, reaching $260.64. The company had a trading volume of 391,566 shares, compared to its average volume of 350,051. The business's 50-day moving average is $234.97 and its 200-day moving average is $246.29. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 23.57 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share 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.