California Public Employees Retirement System Buys 8,153 Shares of Jones Lang LaSalle Incorporated $JLL

California Public Employees Retirement System boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.7% in the 1st quarter, Holdings Channel reports. The firm owned 102,045 shares of the financial services provider’s stock after acquiring an additional 8,153 shares during the quarter. California Public Employees Retirement System’s holdings in Jones Lang LaSalle were worth $31,054,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in shares of Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after buying an additional 3,862,153 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Jones Lang LaSalle by 17.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock worth $397,209,000 after acquiring an additional 178,677 shares during the period. Swedbank AB lifted its stake in Jones Lang LaSalle by 0.5% in the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after purchasing an additional 4,543 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after purchasing an additional 15,995 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Jones Lang LaSalle by 426.7% during the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after purchasing an additional 728,824 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $324.55 on Wednesday. The firm has a fifty day simple moving average of $305.27 and a two-hundred day simple moving average of $317.56. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a twelve month low of $253.21 and a twelve month high of $363.06. The company has a market capitalization of $15.06 billion, a PE ratio of 17.45 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $2.31 earnings per share. Research analysts expect that Jones Lang LaSalle Incorporated will post 22.83 EPS for the current year.

Insiders Place Their Bets

In related news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the transaction, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JLL. UBS Group upped their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays lifted their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $394.00.

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.