Teacher Retirement System of Texas Grows Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Teacher Retirement System of Texas lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,077 shares of the financial services provider’s stock after buying an additional 6,172 shares during the period. Teacher Retirement System of Texas’ holdings in Jones Lang LaSalle were worth $11,158,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Hudson Edge Investment Partners Inc. increased its holdings in shares of Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after buying an additional 40 shares during the period. CIBC Asset Management Inc increased its holdings in Jones Lang LaSalle by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the period. Greenleaf Trust increased its holdings in Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 47 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the period. Finally, Private Trust Co. NA increased its holdings in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $250.52 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average price is $266.39 and its 200-day moving average price is $264.37. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The stock has a market cap of $11.87 billion, a P/E ratio of 22.19 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the previous year, the firm posted $4.23 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JLL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a report on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Finally, Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.