New Mexico Educational Retirement Board Invests $1.67 Million in Jones Lang LaSalle Inc (JLL)

New Mexico Educational Retirement Board bought a new position in shares of Jones Lang LaSalle Inc (NYSE:JLL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,200 shares of the financial services provider’s stock, valued at approximately $1,668,000.

Other hedge funds have also made changes to their positions in the company. Parametrica Management Ltd bought a new stake in shares of Jones Lang LaSalle during the third quarter worth $212,000. Magnetar Financial LLC bought a new position in Jones Lang LaSalle in the third quarter valued at about $233,000. Toronto Dominion Bank boosted its holdings in Jones Lang LaSalle by 244.1% in the third quarter. Toronto Dominion Bank now owns 1,913 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 1,357 shares during the last quarter. Timber Hill LLC bought a new position in Jones Lang LaSalle in the third quarter valued at about $237,000. Finally, TradeLink Capital LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at about $238,000. Institutional investors own 92.40% of the company’s stock.

Jones Lang LaSalle Inc (JLL) opened at $158.23 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. Jones Lang LaSalle Inc has a 1-year low of $101.83 and a 1-year high of $160.69. The stock has a market capitalization of $7,179.50, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the business earned $3.95 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts expect that Jones Lang LaSalle Inc will post 9.85 EPS for the current year.

In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the transaction, the director now owns 35 shares in the company, valued at $5,226.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.72% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays raised their price target on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. JMP Securities cut Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $151.38.

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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.

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).

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

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New Mexico Educational Retirement Board Invests $1.67 Million in Jones Lang LaSalle Inc (JLL)

New Mexico Educational Retirement Board bought a new stake in Jones Lang LaSalle Inc (NYSE:JLL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,200 shares of the financial services provider’s stock, valued at approximately $1,668,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Jones Lang LaSalle by 32.5% in the third quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 1,945 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Jones Lang LaSalle by 3.2% in the third quarter. California Public Employees Retirement System now owns 122,140 shares of the financial services provider’s stock valued at $15,084,000 after purchasing an additional 3,840 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Jones Lang LaSalle by 51.5% in the third quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock valued at $42,575,000 after purchasing an additional 117,160 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Jones Lang LaSalle by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock valued at $75,070,000 after purchasing an additional 12,871 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Jones Lang LaSalle by 31.7% during the third quarter. Sei Investments Co. now owns 20,364 shares of the financial services provider’s stock worth $2,516,000 after acquiring an additional 4,907 shares in the last quarter. Institutional investors and hedge funds own 92.40% of the company’s stock.

Jones Lang LaSalle Inc (JLL) opened at $158.23 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.34. The stock has a market capitalization of $7,179.50, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85. Jones Lang LaSalle Inc has a 12 month low of $101.83 and a 12 month high of $160.69.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping the consensus estimate of $4.22 by $0.70. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.95 earnings per share. equities analysts anticipate that Jones Lang LaSalle Inc will post 9.85 EPS for the current fiscal year.

Several research firms have issued reports on JLL. Wedbush set a $158.00 price objective on Jones Lang LaSalle and gave the stock a “hold” rating in a research note on Monday, February 12th. Raymond James Financial began coverage on Jones Lang LaSalle in a research note on Tuesday, February 6th. They set an “outperform” rating and a $175.00 price objective for the company. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Monday, February 5th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $151.38.

In other news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the sale, the director now owns 35 shares in the company, valued at $5,226.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “New Mexico Educational Retirement Board Invests $1.67 Million in Jones Lang LaSalle Inc (JLL)” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/19/new-mexico-educational-retirement-board-invests-1-67-million-in-jones-lang-lasalle-inc-jll.html.

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.

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).

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

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.

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