Louisiana State Employees Retirement System Takes $2.53 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Louisiana State Employees Retirement System acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,400 shares of the financial services provider's stock, valued at approximately $2,531,000.

Other large investors have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its holdings in Jones Lang LaSalle by 10.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,900 shares of the financial services provider's stock valued at $3,798,000 after acquiring an additional 2,441 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Jones Lang LaSalle by 11.4% in the 3rd quarter. Bamco Inc. NY now owns 238,655 shares of the financial services provider's stock worth $33,693,000 after buying an additional 24,487 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $5,148,000. Handelsinvest Investeringsforvaltning acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $2,118,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $499,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

JLL has been the subject of a number of recent research reports. Wolfe Research reissued a "peer perform" rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. TheStreet upgraded Jones Lang LaSalle from a "c+" rating to a "b-" rating in a research report on Wednesday, February 14th. Raymond James upgraded Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Jefferies Financial Group began coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a "buy" rating and a $246.00 price objective on the stock. Finally, StockNews.com upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $206.00.

Jones Lang LaSalle Trading Down 0.3 %

Shares of NYSE:JLL traded down $0.55 during midday trading on Wednesday, hitting $173.57. The company had a trading volume of 217,872 shares, compared to its average volume of 276,616. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $200.14. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 37.25 and a beta of 1.42. The firm has a fifty day simple moving average of $186.66 and a 200 day simple moving average of $168.82.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.53. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The firm's revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.36 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 11.98 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.