Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,330 shares of the financial services provider's stock after selling 9,747 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Jones Lang LaSalle worth $8,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Jones Lang LaSalle in the fourth quarter worth approximately $149,468,000. Marshall Wace LLP raised its stake in 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 raised its stake in 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 raised its stake in 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 raised its stake in 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. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle 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 completion of the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE JLL traded up $1.73 on Tuesday, reaching $260.20. 145,624 shares of the company's stock traded hands, compared to its average volume of 349,489. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 23.53 and a beta of 1.34. The stock has a 50 day moving average price of $235.59 and a 200-day moving average price of $246.26. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on JLL. Wall Street Zen lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group lifted their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods cut their price target 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. JPMorgan Chase & Co. dropped 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 report on Thursday, April 10th. Finally, Citigroup dropped 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 report on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $310.00.

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.