Jones Lang LaSalle Incorporated $JLL Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 34.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,128 shares of the financial services provider’s stock after selling 37,033 shares during the period. Strs Ohio owned 0.15% of Jones Lang LaSalle worth $20,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $546,000. Empowered Funds LLC lifted its stake in Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 2,711 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Jones Lang LaSalle by 6.0% in the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 51 shares during the period. Fifth Third Bancorp grew its position in shares of Jones Lang LaSalle by 18.0% during the second quarter. Fifth Third Bancorp now owns 2,475 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 377 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Jones Lang LaSalle by 5.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,707 shares of the financial services provider’s stock valued at $11,435,000 after acquiring an additional 2,397 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.6%

Shares of JLL stock opened at $354.11 on Friday. The business’s fifty day moving average price is $335.24 and its 200 day moving average price is $307.42. The firm has a market capitalization of $16.71 billion, a PE ratio of 27.16 and a beta of 1.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $360.46.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JLL shares. The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Barclays started coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $355.83.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares in the company, valued at approximately $44,490,496.05. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 20,000 shares of company stock valued at $6,609,091 over the last three months. Company insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.