Jones Lang LaSalle Incorporated $JLL Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 34.9% during the third quarter, Holdings Channel.com reports. The fund owned 69,128 shares of the financial services provider’s stock after selling 37,033 shares during the period. Strs Ohio’s holdings in Jones Lang LaSalle were worth $20,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hennessy Advisors Inc. purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at approximately $40,417,000. FJ Capital Management LLC raised its holdings in shares of Jones Lang LaSalle by 38.5% in the second quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock worth $5,717,000 after acquiring an additional 6,214 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Jones Lang LaSalle by 22.6% in the second quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock valued at $2,442,000 after acquiring an additional 1,761 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Jones Lang LaSalle by 388.0% during the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock valued at $2,581,000 after acquiring an additional 6,880 shares during the last quarter. Finally, Boston Partners purchased a new stake in Jones Lang LaSalle during the 2nd quarter worth about $12,186,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling

In other news, CEO Christian Ulbrich sold 96 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares in the company, valued at $38,096,063.30. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 20,000 shares of company stock worth $6,609,091 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $354.11 on Friday. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 27.16 and a beta of 1.42. The company has a 50 day moving average price of $335.24 and a 200 day moving average price of $307.42. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $360.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 EPS. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on JLL. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective on the stock. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. UBS Group raised their price objective 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 reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $355.83.

Jones Lang LaSalle Company Profile

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.