Oppenheimer Asset Management Inc. Sells 135 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Posted by on May 6th, 2023

Oppenheimer Asset Management Inc. decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,483 shares of the financial services provider’s stock after selling 135 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $874,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stephens Inc. AR bought a new stake in Jones Lang LaSalle during the third quarter valued at $331,000. Itau Unibanco Holding S.A. bought a new stake in Jones Lang LaSalle during the third quarter worth about $216,000. Allianz Asset Management GmbH bought a new stake in Jones Lang LaSalle during the third quarter worth about $1,565,000. SG Americas Securities LLC increased its holdings in shares of Jones Lang LaSalle by 375.4% in the fourth quarter. SG Americas Securities LLC now owns 23,058 shares of the financial services provider’s stock worth $3,675,000 after buying an additional 18,208 shares during the period. Finally, Redwood Investment Management LLC purchased a new position in shares of Jones Lang LaSalle in the third quarter worth about $1,275,000. Institutional investors own 93.64% of the company’s stock.

Jones Lang LaSalle Stock Up 1.5 %

JLL stock opened at $135.52 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $123.00 and a fifty-two week high of $210.65. The business’s 50 day moving average price is $144.84 and its two-hundred day moving average price is $158.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 10.22 and a beta of 1.28.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.04). Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 3.14%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the company posted $3.47 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 14.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $218.00 price objective on the stock in a report on Wednesday, March 15th. StockNews.com assumed coverage on Jones Lang LaSalle in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Citigroup reduced their price target on Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating on the stock in a report on Tuesday, March 28th. The Goldman Sachs Group reduced their price target on Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating on the stock in a report on Monday, April 10th. Finally, TheStreet downgraded Jones Lang LaSalle from a “b-” rating to a “c” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Hold” and an average target price of $201.17.

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.

See Also

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

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