4,871 Jones Lang LaSalle Incorporated $JLL Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,399 shares of the financial services provider’s stock after acquiring an additional 4,871 shares during the quarter. Retirement Systems of Alabama’s holdings in Jones Lang LaSalle were worth $29,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG bought a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $6,504,000. Tidal Investments LLC increased its holdings in shares of Jones Lang LaSalle by 47.9% during the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock worth $24,306,000 after purchasing an additional 25,413 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Jones Lang LaSalle by 279.6% during the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares during the period. Ranger Investment Management L.P. acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $21,780,000. Finally, Lazard Asset Management LLC raised its position in shares of Jones Lang LaSalle by 36.3% in the first quarter. Lazard Asset Management LLC now owns 11,087 shares of the financial services provider’s stock valued at $3,374,000 after buying an additional 2,955 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,000 shares of company stock valued at $2,271,060. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $374.80 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 16.22 and a beta of 1.29. The firm’s 50 day simple moving average is $330.71 and its 200 day simple moving average is $325.48. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $395.79.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.61. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The business had revenue of $7.28 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same period last year, the firm posted $4.50 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 25.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Barclays increased their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.60.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, commonly known as JLL, is a global commercial real estate services and investment management company. It advises businesses, property owners, investors and public-sector organizations on real estate decisions and operations. Its services include leasing and sales, property and facilities management, project and development management, valuation, workplace consulting and capital markets advisory. Through LaSalle Investment Management, JLL also manages real estate investments for institutional and other clients.