Teacher Retirement System of Texas Sells 9,747 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Teacher Retirement System of Texas reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,330 shares of the financial services provider's stock after selling 9,747 shares during the quarter. 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 SEC.

Several other institutional investors have also made changes to their positions in JLL. US Bancorp DE boosted its holdings in shares of Jones Lang LaSalle by 7.0% during the fourth quarter. US Bancorp DE now owns 2,264 shares of the financial services provider's stock worth $573,000 after purchasing an additional 149 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Jones Lang LaSalle by 763.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,278 shares of the financial services provider's stock valued at $324,000 after buying an additional 1,130 shares during the period. Victory Capital Management Inc. raised its stake in shares of Jones Lang LaSalle by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 23,294 shares of the financial services provider's stock valued at $5,897,000 after buying an additional 81 shares in the last quarter. Atria Investments Inc raised its stake in shares of Jones Lang LaSalle by 23.2% in the 4th quarter. Atria Investments Inc now owns 6,683 shares of the financial services provider's stock valued at $1,692,000 after buying an additional 1,260 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $8,715,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup dropped their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective 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. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group boosted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus target price of $310.00.

Jones Lang LaSalle Stock Down 0.9%

Shares of NYSE:JLL traded down $2.29 during mid-day trading on Monday, reaching $258.35. 364,674 shares of the stock were exchanged, compared to its average volume of 350,277. The stock's 50 day simple moving average is $234.97 and its 200-day simple moving average is $246.22. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The company has a market cap of $12.26 billion, a P/E ratio of 23.36 and a beta of 1.34.

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

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Company 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.