Public Employees Retirement System of Ohio reduced its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,094 shares of the financial services provider’s stock after selling 3,203 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Jones Lang LaSalle worth $4,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB boosted its holdings in Jones Lang LaSalle by 149.3% during the first quarter. Nordea Investment Management AB now owns 287,715 shares of the financial services provider’s stock worth $44,359,000 after purchasing an additional 172,284 shares during the last quarter. AJO LP boosted its holdings in Jones Lang LaSalle by 18.7% during the first quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock worth $151,344,000 after purchasing an additional 154,443 shares during the last quarter. BlackRock Inc. boosted its holdings in Jones Lang LaSalle by 2.1% during the first quarter. BlackRock Inc. now owns 4,854,392 shares of the financial services provider’s stock worth $748,451,000 after purchasing an additional 101,492 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Jones Lang LaSalle during the second quarter worth about $13,444,000. Finally, Strs Ohio boosted its holdings in Jones Lang LaSalle by 57.0% during the second quarter. Strs Ohio now owns 225,028 shares of the financial services provider’s stock worth $31,659,000 after purchasing an additional 81,716 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

JLL has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 17th. They set an “overweight” rating and a $140.23 price target on the stock. DA Davidson initiated coverage on shares of Jones Lang LaSalle in a report on Thursday, July 11th. They set a “buy” rating on the stock. Compass Point initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 10th. They set a “buy” rating and a $180.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Hold” and an average price target of $173.91.

JLL stock traded up $1.06 during mid-day trading on Friday, hitting $143.08. The company had a trading volume of 5,288 shares, compared to its average volume of 283,615. The firm has a market cap of $7.41 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.32 and a beta of 1.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95. Jones Lang LaSalle Inc has a 12 month low of $119.79 and a 12 month high of $173.32. The stock’s fifty day moving average price is $137.72 and its two-hundred day moving average price is $143.91.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, topping the consensus estimate of $2.33 by $0.61. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Equities analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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