Teacher Retirement System of Texas Boosts Position in Jones Lang LaSalle Inc. (JLL)
Teacher Retirement System of Texas boosted its position in shares of Jones Lang LaSalle Inc. (NYSE:JLL) by 31.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,219 shares of the company’s stock after buying an additional 766 shares during the period. Teacher Retirement System of Texas’ holdings in Jones Lang LaSalle were worth $314,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in JLL. Atlanta Capital Management Co. L L C boosted its stake in shares of Jones Lang LaSalle by 45.4% in the first quarter. Atlanta Capital Management Co. L L C now owns 776,830 shares of the company’s stock worth $91,137,000 after buying an additional 242,411 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Jones Lang LaSalle by 618.0% in the first quarter. Renaissance Technologies LLC now owns 179,500 shares of the company’s stock worth $21,059,000 after buying an additional 154,500 shares during the period. Pekin Singer Strauss Asset Management IL boosted its stake in shares of Jones Lang LaSalle by 867.8% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 142,891 shares of the company’s stock worth $13,925,000 after buying an additional 128,126 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $11,923,000. Finally, Natixis bought a new stake in shares of Jones Lang LaSalle during the first quarter worth $11,967,000. Institutional investors and hedge funds own 88.39% of the company’s stock.
Jones Lang LaSalle Inc. (NYSE:JLL) opened at 102.03 on Friday. The stock’s 50 day moving average price is $113.12 and its 200 day moving average price is $112.90. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 11.29 and a beta of 1.85. Jones Lang LaSalle Inc. has a 52 week low of $90.07 and a 52 week high of $171.63.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.09. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Jones Lang LaSalle had a return on equity of 16.44% and a net margin of 6.50%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. On average, equities research analysts predict that Jones Lang LaSalle Inc. will post $9.42 EPS for the current year.
A number of analysts have weighed in on JLL shares. Zacks Investment Research cut Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Barclays PLC decreased their target price on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Finally, Wedbush began coverage on Jones Lang LaSalle in a report on Wednesday, October 5th. They set a “neutral” rating and a $126.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.33.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction on Monday, September 19th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the director now directly owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by company insiders.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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