Public Employees Retirement System of Ohio Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Public Employees Retirement System of Ohio increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 42.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,379 shares of the financial services provider's stock after purchasing an additional 10,186 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Jones Lang LaSalle worth $9,276,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of Jones Lang LaSalle by 8.6% in the second quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $315,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Jones Lang LaSalle by 782.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider's stock worth $1,871,000 after buying an additional 8,080 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Jones Lang LaSalle by 31.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider's stock valued at $465,000 after buying an additional 538 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Jones Lang LaSalle by 129.8% during the 2nd quarter. Blue Trust Inc. now owns 439 shares of the financial services provider's stock worth $86,000 after acquiring an additional 248 shares in the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Jones Lang LaSalle by 73.0% in the 2nd quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider's stock worth $54,503,000 after acquiring an additional 112,041 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JLL. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 target price on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday. Finally, Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $287.71.

Jones Lang LaSalle Trading Down 1.9 %

NYSE JLL traded down $5.29 during mid-day trading on Friday, hitting $269.34. The company's stock had a trading volume of 274,770 shares, compared to its average volume of 287,285. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 52-week low of $167.11 and a 52-week high of $288.50. The stock's fifty day simple moving average is $269.03 and its two-hundred day simple moving average is $245.13. The firm has a market capitalization of $12.78 billion, a P/E ratio of 27.76 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.01 EPS. Research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

About Jones Lang LaSalle

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.