Jones Lang LaSalle Inc (JLL) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,200 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Jones Lang LaSalle were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JLL. Vanguard Group Inc raised its holdings in Jones Lang LaSalle by 6.6% during the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after purchasing an additional 432,487 shares in the last quarter. Vanguard Group Inc. raised its holdings in Jones Lang LaSalle by 6.6% during the third quarter. Vanguard Group Inc. now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after purchasing an additional 432,487 shares in the last quarter. FMR LLC raised its holdings in Jones Lang LaSalle by 55.9% during the third quarter. FMR LLC now owns 496,364 shares of the financial services provider’s stock worth $71,635,000 after purchasing an additional 177,922 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in Jones Lang LaSalle by 32.4% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 657,544 shares of the financial services provider’s stock worth $94,896,000 after purchasing an additional 161,059 shares in the last quarter. Finally, Strs Ohio raised its holdings in Jones Lang LaSalle by 3,523.9% during the third quarter. Strs Ohio now owns 116,072 shares of the financial services provider’s stock worth $16,751,000 after purchasing an additional 112,869 shares in the last quarter. 93.82% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a report on Tuesday, November 13th. ValuEngine cut shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Barclays raised their price objective on shares of Jones Lang LaSalle from $165.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, November 16th. Finally, Bank of America cut shares of Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 price objective on the stock. in a report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Jones Lang LaSalle presently has a consensus rating of “Hold” and an average price target of $166.43.

Shares of Jones Lang LaSalle stock opened at $143.50 on Friday. The firm has a market capitalization of $6.54 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.66. Jones Lang LaSalle Inc has a 12 month low of $119.79 and a 12 month high of $178.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 1.89.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.71. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. As a group, equities research analysts expect that Jones Lang LaSalle Inc will post 10.99 EPS for the current fiscal year.

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Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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