Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Decreased by Strs Ohio

Strs Ohio decreased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 38.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,767 shares of the financial services provider’s stock after selling 4,292 shares during the period. Strs Ohio’s holdings in Jones Lang LaSalle were worth $1,278,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 96 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $47,000. NBC Securities Inc. acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $100,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $162,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $215,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $179.03 on Tuesday. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $200.14. The firm has a market capitalization of $8.50 billion, a PE ratio of 38.42 and a beta of 1.42. The business’s 50 day moving average is $186.53 and its 200-day moving average is $169.94. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.53. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. Jones Lang LaSalle’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.36 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JLL shares. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock. Finally, StockNews.com raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.