State of New Jersey Common Pension Fund D Has $4.78 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

State of New Jersey Common Pension Fund D lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,314 shares of the financial services provider’s stock after selling 1,586 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of Jones Lang LaSalle worth $4,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tributary Capital Management LLC increased its position in Jones Lang LaSalle by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 83 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Jones Lang LaSalle by 78.7% during the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after buying an additional 96 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Jones Lang LaSalle by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 20,816 shares of the financial services provider’s stock valued at $2,939,000 after buying an additional 110 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Jones Lang LaSalle by 9.6% during the fourth quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after buying an additional 159 shares during the last quarter. Finally, Paralel Advisors LLC boosted its holdings in Jones Lang LaSalle by 1.3% during the third quarter. Paralel Advisors LLC now owns 13,158 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 164 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 1.1 %

Shares of JLL stock traded up $1.99 on Friday, hitting $182.50. The stock had a trading volume of 155,057 shares, compared to its average volume of 271,170. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $186.60 and a 200 day moving average price of $170.42. The company has a market cap of $8.67 billion, a PE ratio of 39.16 and a beta of 1.42. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $200.14.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Jefferies Financial Group began 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 target for the company. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Finally, TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.00.

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.