Texas Permanent School Fund Corp Boosts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Texas Permanent School Fund Corp raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 41,635 shares of the financial services provider’s stock after purchasing an additional 556 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Jones Lang LaSalle worth $8,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley increased its position in Jones Lang LaSalle by 2.1% during the 3rd quarter. Morgan Stanley now owns 1,673,462 shares of the financial services provider’s stock valued at $236,260,000 after purchasing an additional 35,004 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after buying an additional 142,887 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Jones Lang LaSalle by 20.4% in the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock valued at $134,142,000 after buying an additional 120,105 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after buying an additional 270,404 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $97,222,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE JLL traded up $9.87 on Thursday, hitting $217.46. 288,263 shares of the company’s stock traded hands, compared to its average volume of 271,730. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $218.56. The firm’s 50-day moving average price is $201.48 and its two-hundred day moving average price is $189.36. The firm has a market capitalization of $10.34 billion, a PE ratio of 34.96 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 12.36 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price for the company. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $223.33.

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.