Teachers Retirement System of The State of Kentucky trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,914 shares of the financial services provider's stock after selling 500 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Jones Lang LaSalle were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $25,000. Ellevest Inc. raised its stake in shares of Jones Lang LaSalle by 1,255.6% in the first quarter. Ellevest Inc. now owns 122 shares of the financial services provider's stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth approximately $47,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth approximately $46,000. Finally, Archer Investment Corp purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth approximately $48,000. 95.84% of the stock is owned by institutional investors and hedge funds.
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Analyst Ratings Changes
JLL has been the subject of several recent analyst reports. UBS Group reduced their target price on Jones Lang LaSalle from $287.00 to $247.00 and set a "buy" rating for the company in a report on Wednesday. Raymond James increased their price objective on Jones Lang LaSalle from $280.00 to $287.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. Finally, StockNews.com lowered Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $271.50.
Jones Lang LaSalle Trading Down 1.9 %
Shares of Jones Lang LaSalle stock opened at $157.14 on Thursday. Jones Lang LaSalle Incorporated has a 52-week low of $154.63 and a 52-week high of $275.77. The stock's 50-day simple moving average is $177.00 and its 200 day simple moving average is $194.37. The stock has a market capitalization of $7.53 billion, a P/E ratio of 8.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.28 and a current ratio of 2.28.
About Jones Lang LaSalle
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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
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