Public Employees Retirement Association of Colorado Has $25.65 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Public Employees Retirement Association of Colorado boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,335 shares of the financial services provider's stock after acquiring an additional 6,800 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.21% of Jones Lang LaSalle worth $25,652,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in Jones Lang LaSalle during the 3rd quarter worth about $146,000. Tidal Investments LLC bought a new stake in Jones Lang LaSalle during the 3rd quarter worth about $218,000. American Trust bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $208,000. DGS Capital Management LLC lifted its stake in Jones Lang LaSalle by 20.4% in the 3rd quarter. DGS Capital Management LLC now owns 2,344 shares of the financial services provider's stock valued at $632,000 after purchasing an additional 397 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Jones Lang LaSalle during the third quarter worth approximately $24,283,000. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price on 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. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Finally, UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Stock Performance

JLL traded up $1.96 during trading on Thursday, hitting $229.37. The stock had a trading volume of 304,099 shares, compared to its average volume of 320,001. The company has a 50 day moving average price of $238.68 and a 200-day moving average price of $257.54. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 20.32 and a beta of 1.22. Jones Lang LaSalle Incorporated has a one year low of $180.42 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.23 EPS. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.