Louisiana State Employees Retirement System Invests $2.53 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Louisiana State Employees Retirement System acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,400 shares of the financial services provider’s stock, valued at approximately $2,531,000.

Several other institutional investors have also modified their holdings of the stock. Morgan Stanley raised its position in Jones Lang LaSalle by 644.6% in the 4th quarter. Morgan Stanley now owns 1,698,480 shares of the financial services provider’s stock valued at $270,687,000 after purchasing an additional 1,470,373 shares during the last quarter. Norges Bank purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at $74,299,000. Millennium Management LLC raised its position in Jones Lang LaSalle by 78.7% in the 4th quarter. Millennium Management LLC now owns 856,431 shares of the financial services provider’s stock valued at $136,489,000 after purchasing an additional 377,046 shares during the last quarter. Boston Trust Walden Corp raised its position in 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 purchasing an additional 120,105 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Jones Lang LaSalle by 213.8% in the 1st quarter. Alyeska Investment Group L.P. now owns 154,556 shares of the financial services provider’s stock valued at $22,486,000 after purchasing an additional 105,298 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the topic of several recent research reports. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $173.97 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $200.14. The stock has a market cap of $8.26 billion, a PE ratio of 37.33 and a beta of 1.42. The firm’s fifty day simple moving average is $186.62 and its 200-day simple moving average is $168.79.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the prior year, the company posted $4.36 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current fiscal 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.