Oregon Public Employees Retirement Fund Buys 24,020 Shares of Jones Lang LaSalle Inc (JLL)
Oregon Public Employees Retirement Fund boosted its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 141.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,012 shares of the financial services provider’s stock after acquiring an additional 24,020 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Jones Lang LaSalle were worth $6,808,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth $172,000. Itau Unibanco Holding S.A. bought a new position in Jones Lang LaSalle during the 2nd quarter worth $183,000. IFM Investors Pty Ltd bought a new position in Jones Lang LaSalle during the 2nd quarter worth $206,000. Eqis Capital Management Inc. bought a new position in Jones Lang LaSalle during the 2nd quarter worth $207,000. Finally, Manning & Napier Group LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth $215,000. Hedge funds and other institutional investors own 93.55% of the company’s stock.
JLL has been the topic of a number of research analyst reports. ValuEngine downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 29th. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $179.17.
Shares of JLL stock opened at $148.84 on Friday. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.62. Jones Lang LaSalle Inc has a fifty-two week low of $118.73 and a fifty-two week high of $178.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.05. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $2.02 billion. Jones Lang LaSalle had a return on equity of 13.84% and a net margin of 2.62%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 EPS. analysts forecast that Jones Lang LaSalle Inc will post 10.26 earnings per share for the current year.
About Jones Lang LaSalle
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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