Public Employees Retirement Association of Colorado Sells 4,304 Shares of Jones Lang LaSalle Inc (NYSE:JLL)

Public Employees Retirement Association of Colorado reduced its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,295 shares of the financial services provider’s stock after selling 4,304 shares during the period. Public Employees Retirement Association of Colorado owned about 0.26% of Jones Lang LaSalle worth $16,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Jones Lang LaSalle by 7.8% in the second quarter. Janus Henderson Group PLC now owns 520,472 shares of the financial services provider’s stock valued at $73,225,000 after buying an additional 37,875 shares during the period. Advisor Group Inc. lifted its stake in Jones Lang LaSalle by 14.4% in the second quarter. Advisor Group Inc. now owns 2,207 shares of the financial services provider’s stock valued at $310,000 after buying an additional 278 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in Jones Lang LaSalle by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,430 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 120 shares during the period. Royal London Asset Management Ltd. lifted its stake in Jones Lang LaSalle by 85.7% in the second quarter. Royal London Asset Management Ltd. now owns 88,115 shares of the financial services provider’s stock valued at $12,398,000 after buying an additional 40,661 shares during the period. Finally, Aperio Group LLC lifted its stake in Jones Lang LaSalle by 23.7% in the second quarter. Aperio Group LLC now owns 94,543 shares of the financial services provider’s stock valued at $13,301,000 after buying an additional 18,120 shares during the period. Institutional investors own 91.58% of the company’s stock.

Shares of NYSE:JLL traded down $6.36 during trading on Wednesday, reaching $132.90. 5,422 shares of the stock were exchanged, compared to its average volume of 350,854. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95. Jones Lang LaSalle Inc has a 1-year low of $119.79 and a 1-year high of $173.32. The stock has a fifty day moving average price of $140.68. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.75.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.61. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Jones Lang LaSalle in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 price target on the stock. Compass Point assumed coverage on Jones Lang LaSalle in a research note on Wednesday, July 10th. They issued a “buy” rating and a $180.00 price target on the stock. Keefe, Bruyette & Woods lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 17th. UBS Group boosted their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Monday. Finally, Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Jones Lang LaSalle has a consensus rating of “Hold” and an average target price of $173.91.

Jones Lang LaSalle Profile

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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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