Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Lowered by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,263 shares of the financial services provider's stock after selling 4,116 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Jones Lang LaSalle worth $7,661,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $35,000. Principal Securities Inc. raised its stake in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 72 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its position in Jones Lang LaSalle by 80.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 225 shares of the financial services provider's stock worth $57,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

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

Jones Lang LaSalle Stock Performance

Shares of JLL remained flat at $222.66 during mid-day trading on Friday. The stock had a trading volume of 519,055 shares, compared to its average volume of 329,921. 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 $225.78 and its 200-day simple moving average is $251.16. The company has a market cap of $10.57 billion, a PE ratio of 19.72 and a beta of 1.33. 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 released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts anticipate 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.