Retirement Systems of Alabama Sells 7,368 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Retirement Systems of Alabama lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,834 shares of the financial services provider’s stock after selling 7,368 shares during the period. Retirement Systems of Alabama owned 0.17% of Jones Lang LaSalle worth $20,209,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JLL. Brown Lisle Cummings Inc. lifted its position in shares of Jones Lang LaSalle by 80.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 225 shares of the financial services provider’s stock worth $57,000 after buying an additional 100 shares during the last quarter. Tandem Capital Management Corp ADV raised its position in shares of Jones Lang LaSalle by 0.7% in the fourth quarter. Tandem Capital Management Corp ADV now owns 13,696 shares of the financial services provider’s stock valued at $3,467,000 after purchasing an additional 99 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $1,827,000. Trust Point Inc. grew its stake in Jones Lang LaSalle by 352.8% in the 4th quarter. Trust Point Inc. now owns 3,917 shares of the financial services provider’s stock valued at $992,000 after buying an additional 3,052 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after acquiring an additional 5,663 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $283.12 on Friday. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 28.63 and a beta of 1.36. The company has a 50-day moving average of $264.70 and a 200-day moving average of $260.27. Jones Lang LaSalle Incorporated has a 52 week low of $168.36 and a 52 week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the firm posted $2.01 EPS. Jones Lang LaSalle’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on JLL shares. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $309.00.

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.