Teacher Retirement System of Texas Has $9.39 Million Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Teacher Retirement System of Texas lowered its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,490 shares of the financial services provider’s stock after selling 6,111 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Jones Lang LaSalle worth $9,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $160,187,000. EdgePoint Investment Group Inc. grew its holdings in Jones Lang LaSalle by 21.0% in the second quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after purchasing an additional 386,184 shares during the period. Long Pond Capital LP bought a new stake in Jones Lang LaSalle in the second quarter valued at $51,370,000. Ensign Peak Advisors Inc raised its holdings in shares of Jones Lang LaSalle by 749.7% during the second quarter. Ensign Peak Advisors Inc now owns 153,616 shares of the financial services provider’s stock valued at $39,292,000 after purchasing an additional 135,538 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $40,417,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research reports. Barclays started coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target on the stock. UBS Group upped their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $355.83.

Insider Activity

In related news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at approximately $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 20,000 shares of company stock valued at $6,609,091 over the last three months. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL opened at $354.11 on Monday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $360.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 27.16 and a beta of 1.42. The firm’s fifty day moving average price is $335.24 and its two-hundred day moving average price is $307.78.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period last year, the firm earned $3.50 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.