Texas Permanent School Fund Corp Has $9.17 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Texas Permanent School Fund Corp raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,647 shares of the financial services provider’s stock after buying an additional 3,012 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Jones Lang LaSalle worth $9,165,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of Jones Lang LaSalle by 1.6% during the second quarter. Arizona State Retirement System now owns 13,282 shares of the financial services provider’s stock worth $2,727,000 after purchasing an additional 208 shares during the period. Victory Capital Management Inc. raised its position in shares of Jones Lang LaSalle by 36.5% during the second quarter. Victory Capital Management Inc. now owns 13,722 shares of the financial services provider’s stock worth $2,817,000 after purchasing an additional 3,666 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $498,000. CIBC Asset Management Inc raised its position in shares of Jones Lang LaSalle by 4.5% during the second quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 57 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Jones Lang LaSalle by 14.7% during the second quarter. Natixis Advisors LLC now owns 13,856 shares of the financial services provider’s stock worth $2,844,000 after purchasing an additional 1,779 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Raymond James increased their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Finally, UBS Group increased their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Jones Lang LaSalle Stock Up 2.7 %

Shares of NYSE:JLL opened at $251.57 on Tuesday. The company has a market capitalization of $11.94 billion, a PE ratio of 40.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The business has a fifty day moving average price of $237.36 and a two-hundred day moving average price of $208.47. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $261.83.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. Analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Jones Lang LaSalle Company 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.