Oregon Public Employees Retirement Fund grew its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 1.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 41,572 shares of the financial services provider’s stock after acquiring an additional 560 shares during the period. Oregon Public Employees Retirement Fund owned about 0.09% of Jones Lang LaSalle worth $6,000,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in JLL. Cornerstone Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $172,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $183,000. CHICAGO TRUST Co NA purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at $202,000. IFM Investors Pty Ltd purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $206,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $207,000. Institutional investors own 93.96% of the company’s stock.
In other news, CEO Guy Grainger sold 200 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $154.94, for a total value of $30,988.00. Following the transaction, the chief executive officer now directly owns 1,341 shares of the company’s stock, valued at $207,774.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.
JLL opened at $137.81 on Friday. The firm has a market capitalization of $6.11 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.62. Jones Lang LaSalle Inc has a 12-month low of $127.02 and a 12-month high of $178.75. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.31.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business posted $2.17 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle Inc will post 10.25 EPS for the current fiscal year.
A number of analysts have recently issued reports on JLL shares. Zacks Investment Research lowered Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. ValuEngine lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $179.17.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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