California Public Employees Retirement System Sells 5,507 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

California Public Employees Retirement System cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,699 shares of the financial services provider's stock after selling 5,507 shares during the period. California Public Employees Retirement System owned 0.18% of Jones Lang LaSalle worth $22,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hudson Edge Investment Partners Inc. boosted its position in shares of Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 40 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of 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 buying an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after buying an additional 51 shares during the period. Private Trust Co. NA increased its stake in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Jones Lang LaSalle by 11.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider's stock worth $159,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Price Performance

JLL stock traded up $5.09 during mid-day trading on Tuesday, hitting $219.77. The company had a trading volume of 78,687 shares, compared to its average volume of 352,874. 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 company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 19.47 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a 50-day moving average price of $262.28 and a 200 day moving average price of $263.82.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JLL shares. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 22nd. Finally, Raymond James boosted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average price target of $309.00.

Jones Lang LaSalle 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.