New York State Common Retirement Fund Has $74.36 Million Holdings in Jones Lang LaSalle Incorporated (JLL)

New York State Common Retirement Fund boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 40.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 594,838 shares of the financial services provider’s stock after purchasing an additional 170,818 shares during the quarter. New York State Common Retirement Fund owned 1.31% of Jones Lang LaSalle worth $74,355,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in Jones Lang LaSalle by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 6 shares in the last quarter. Schroder Investment Management Group raised its stake in Jones Lang LaSalle by 406.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares in the last quarter. Robecosam AG raised its stake in Jones Lang LaSalle by 25.0% in the 1st quarter. Robecosam AG now owns 1,250 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 250 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Jones Lang LaSalle by 18.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,300 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 200 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Jones Lang LaSalle in the 2nd quarter worth about $147,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) traded up 0.13% during trading on Wednesday, hitting $120.90. 4,686 shares of the stock traded hands. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The stock has a 50-day moving average of $121.68 and a 200 day moving average of $117.79. The company has a market cap of $5.48 billion, a P/E ratio of 18.25 and a beta of 1.81.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business earned $1.93 earnings per share. Jones Lang LaSalle’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post $8.22 EPS for the current fiscal year.

In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the completion of the transaction, the director now directly owns 46,417 shares in the company, valued at $5,712,540.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $132.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. BidaskClub cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Finally, UBS AG began coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $133.43.

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Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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