VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.15 Million Investment in Jones Lang LaSalle Incorporated $JLL

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, HoldingsChannel reports. The firm purchased 3,710 shares of the financial services provider’s stock, valued at approximately $1,150,000.

Several other large investors have also recently modified their holdings of JLL. California State Teachers Retirement System boosted its holdings in Jones Lang LaSalle by 30,596.1% during the 2nd quarter. California State Teachers Retirement System now owns 16,836,174 shares of the financial services provider’s stock valued at $5,218,372,000 after acquiring an additional 16,781,326 shares during the period. AlphaGrep UK Ltd purchased a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $591,000. denkapparat Operations GmbH lifted its position in Jones Lang LaSalle by 24.8% in the second quarter. denkapparat Operations GmbH now owns 5,944 shares of the financial services provider’s stock valued at $1,842,000 after purchasing an additional 1,182 shares during the last quarter. NEOS Investment Management LLC boosted its stake in shares of Jones Lang LaSalle by 16.2% during the second quarter. NEOS Investment Management LLC now owns 10,015 shares of the financial services provider’s stock valued at $3,104,000 after purchasing an additional 1,394 shares during the period. Finally, Nykredit A S bought a new position in shares of Jones Lang LaSalle in the second quarter worth approximately $521,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JLL shares. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Barclays upped their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $433.60.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $347.07 on Friday. The company has a 50-day simple moving average of $353.01 and a two-hundred day simple moving average of $324.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market capitalization of $15.97 billion, a PE ratio of 16.63 and a beta of 1.24. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The firm had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the business earned $3.30 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the company’s 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 sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock worth $2,271,060 in the last 90 days. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.