Utah Retirement Systems Sells 300 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Posted by Defense World Staff on Mar 13th, 2023

Utah Retirement Systems lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,573 shares of the financial services provider’s stock after selling 300 shares during the quarter. Utah Retirement Systems’ holdings in Jones Lang LaSalle were worth $1,295,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd boosted its position in Jones Lang LaSalle by 61.3% during the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 57 shares in the last quarter. Ellevest Inc. grew its stake in Jones Lang LaSalle by 28.9% in the third quarter. Ellevest Inc. now owns 370 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 83 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Jones Lang LaSalle by 2.5% during the first quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider’s stock valued at $818,000 after buying an additional 84 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Jones Lang LaSalle by 52.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 259 shares of the financial services provider’s stock valued at $45,000 after buying an additional 89 shares in the last quarter. Finally, First National Bank of Omaha grew its position in shares of Jones Lang LaSalle by 0.3% in the 2nd quarter. First National Bank of Omaha now owns 36,184 shares of the financial services provider’s stock worth $6,327,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JLL. Wolfe Research downgraded Jones Lang LaSalle from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 31st. Citigroup assumed coverage on Jones Lang LaSalle in a report on Friday, January 27th. They issued a “neutral” rating and a $200.00 price target for the company. Raymond James decreased their price objective on shares of 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $214.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $214.40.

Jones Lang LaSalle Trading Down 5.5 %

Jones Lang LaSalle stock opened at $154.09 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.26. The firm has a market cap of $7.33 billion, a PE ratio of 11.62 and a beta of 1.29. The stock’s 50 day simple moving average is $173.77 and its two-hundred day simple moving average is $165.71. Jones Lang LaSalle Incorporated has a 12 month low of $135.35 and a 12 month high of $249.40.

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

Jones Lang LaSalle 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.