Strs Ohio Has $16.81 Million Stake in Jones Lang LaSalle Incorporated $JLL

Strs Ohio reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 20.1% during the first quarter, HoldingsChannel reports. The firm owned 55,228 shares of the financial services provider’s stock after selling 13,902 shares during the quarter. Strs Ohio’s holdings in Jones Lang LaSalle were worth $16,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. M&T Bank Corp lifted its stake in Jones Lang LaSalle by 184,969.0% in the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after buying an additional 728,824 shares during the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth $194,950,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $132,263,000. Finally, Millennium Management LLC lifted its stake in shares of Jones Lang LaSalle by 4,285.3% in the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after acquiring an additional 342,821 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $327.58 on Friday. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 17.61 and a beta of 1.27. Jones Lang LaSalle Incorporated has a twelve month low of $246.07 and a twelve month high of $363.06. The company’s fifty day moving average is $306.07 and its 200 day moving average is $318.76. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 22.84 EPS for the current year.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research reports. Barclays boosted their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. UBS Group lifted their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $394.00.

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.