Public Employees Retirement System of Ohio Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Public Employees Retirement System of Ohio purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 36,810 shares of the financial services provider’s stock, valued at approximately $11,409,000.

Other large investors have also modified their holdings of the company. Hilton Head Capital Partners LLC increased its holdings in Jones Lang LaSalle by 40.4% during the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after buying an additional 42 shares during the period. UMB Bank n.a. increased its holdings in shares of Jones Lang LaSalle by 10.6% in the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 47 shares during the period. Ballentine Partners LLC raised its position in shares of Jones Lang LaSalle by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 48 shares in the last quarter. Root Financial Partners LLC boosted its position in Jones Lang LaSalle by 27.4% during the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 48 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Jones Lang LaSalle by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.2%

Jones Lang LaSalle stock opened at $378.94 on Monday. The stock has a 50-day moving average price of $344.31 and a 200 day moving average price of $320.60. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 18.16 and a beta of 1.24. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $393.84. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the company earned $3.30 EPS. Jones Lang LaSalle’s quarterly revenue was up 10.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JLL. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Barclays lifted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $433.60.

Insiders Place Their Bets

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the transaction, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,805 shares of company stock worth $2,511,297 in the last quarter. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Company Profile

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.