Vanguard Group Inc. Has $1.07 Billion Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Posted by on Mar 13th, 2023

Vanguard Group Inc. cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,057,007 shares of the financial services provider’s stock after selling 102,279 shares during the quarter. Vanguard Group Inc. owned approximately 14.87% of Jones Lang LaSalle worth $1,066,102,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Putnam Investments LLC boosted its stake in Jones Lang LaSalle by 3.8% in the third quarter. Putnam Investments LLC now owns 19,465 shares of the financial services provider’s stock valued at $2,941,000 after buying an additional 717 shares in the last quarter. Prana Capital Management LP raised its position in Jones Lang LaSalle by 46.3% in the third quarter. Prana Capital Management LP now owns 84,488 shares of the financial services provider’s stock valued at $12,764,000 after purchasing an additional 26,737 shares during the last quarter. Quadrature Capital Ltd bought a new position in Jones Lang LaSalle in the third quarter valued at about $2,202,000. Koss Olinger Consulting LLC raised its position in Jones Lang LaSalle by 47.8% in the third quarter. Koss Olinger Consulting LLC now owns 3,498 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its position in Jones Lang LaSalle by 1.2% in the third quarter. Ensign Peak Advisors Inc now owns 59,265 shares of the financial services provider’s stock valued at $8,953,000 after purchasing an additional 715 shares during the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JLL shares. Wolfe Research downgraded Jones Lang LaSalle from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 31st. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $214.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Citigroup started coverage on Jones Lang LaSalle in a research report on Friday, January 27th. They issued a “neutral” rating and a $200.00 target price for the company. Finally, Raymond James lowered their price objective on Jones Lang LaSalle from $243.00 to $239.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $214.40.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $154.09 on Monday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 11.62 and a beta of 1.29. The business has a 50-day moving average of $173.77 and a 200-day moving average of $165.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.88 and a quick ratio of 1.88. Jones Lang LaSalle Incorporated has a 1 year low of $135.35 and a 1 year high of $249.40.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last issued its earnings results on Tuesday, February 28th. The financial services provider reported $4.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.47 by ($0.11). The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 3.14%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.66 earnings per share. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 14.77 earnings per share for the current year.

Jones Lang LaSalle Company Profile

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Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.

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

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