Teacher Retirement System of Texas Grows Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Teacher Retirement System of Texas boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,077 shares of the financial services provider's stock after buying an additional 6,172 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Jones Lang LaSalle worth $11,158,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its holdings in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $35,000. Principal Securities Inc. grew its stake in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Trading Down 0.3 %

Shares of NYSE:JLL traded down $0.69 on Tuesday, hitting $259.18. 36,322 shares of the company's stock were exchanged, compared to its average volume of 297,367. The business's 50 day simple moving average is $266.84 and its two-hundred day simple moving average is $264.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 22.96 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50.

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, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. During the same period in the previous year, the company earned $4.23 EPS. The firm's quarterly revenue was up 15.8% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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 research report on Monday, November 25th. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $309.00.

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.