Maryland State Retirement & Pension System Sells 177 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Maryland State Retirement & Pension System reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,522 shares of the financial services provider’s stock after selling 177 shares during the period. Maryland State Retirement & Pension System’s holdings in Jones Lang LaSalle were worth $638,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Commerce Bank purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $243,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Jones Lang LaSalle by 29.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock valued at $2,869,000 after buying an additional 2,430 shares during the period. Cerity Partners LLC boosted its holdings in shares of Jones Lang LaSalle by 17.7% during the 3rd quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock valued at $548,000 after buying an additional 306 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $719,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $2,053,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Up 3.9 %

Shares of Jones Lang LaSalle stock opened at $260.06 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 23.03 and a beta of 1.36. The company’s 50 day moving average is $266.84 and its 200 day moving average is $264.65.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 earnings per share. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JLL. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. 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 report on Friday, January 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price 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.