Maryland State Retirement & Pension System Decreases Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Maryland State Retirement & Pension System trimmed its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,208 shares of the financial services provider’s stock after selling 314 shares during the period. Maryland State Retirement & Pension System’s holdings in Jones Lang LaSalle were worth $547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. lifted its holdings in Jones Lang LaSalle by 5.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider’s stock valued at $415,030,000 after purchasing an additional 88,479 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in Jones Lang LaSalle by 22.9% during the first quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider’s stock valued at $132,828,000 after purchasing an additional 99,837 shares in the last quarter. Northern Trust Corp lifted its holdings in Jones Lang LaSalle by 1.3% during the fourth quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider’s stock valued at $114,099,000 after purchasing an additional 5,572 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Jones Lang LaSalle by 51.5% during the first quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider’s stock valued at $104,789,000 after purchasing an additional 143,623 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in Jones Lang LaSalle by 33.6% during the fourth quarter. Bamco Inc. NY now owns 420,366 shares of the financial services provider’s stock valued at $106,411,000 after purchasing an additional 105,656 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research reports. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. Citigroup decreased their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. UBS Group raised their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $316.14.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $293.85 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $297.15. The stock has a market cap of $13.92 billion, a P/E ratio of 25.27 and a beta of 1.38. The company has a 50-day moving average price of $257.39 and a 200 day moving average price of $248.39. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business earned $2.55 earnings per share. Jones Lang LaSalle’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.