Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Arizona State Retirement System

Posted by on May 10th, 2023

Arizona State Retirement System lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,521 shares of the financial services provider’s stock after acquiring an additional 243 shares during the quarter. Arizona State Retirement System’s holdings in Jones Lang LaSalle were worth $2,155,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Jones Lang LaSalle by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,345,723 shares of the financial services provider’s stock worth $1,759,007,000 after buying an additional 40,866 shares in the last quarter. State Street Corp boosted its holdings in Jones Lang LaSalle by 5.3% during the first quarter. State Street Corp now owns 1,373,781 shares of the financial services provider’s stock worth $328,966,000 after buying an additional 69,533 shares in the last quarter. Ariel Investments LLC boosted its holdings in Jones Lang LaSalle by 1.2% during the first quarter. Ariel Investments LLC now owns 1,136,329 shares of the financial services provider’s stock worth $272,105,000 after buying an additional 13,372 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jones Lang LaSalle by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,134,403 shares of the financial services provider’s stock valued at $171,371,000 after purchasing an additional 9,719 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Jones Lang LaSalle by 6.1% in the first quarter. Invesco Ltd. now owns 597,677 shares of the financial services provider’s stock valued at $143,121,000 after purchasing an additional 34,534 shares in the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $132.39 on Wednesday. The company has a market capitalization of $6.32 billion, a PE ratio of 12.97 and a beta of 1.28. The firm has a fifty day simple moving average of $143.27 and a 200-day simple moving average of $158.21. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.40. Jones Lang LaSalle Incorporated has a twelve month low of $123.00 and a twelve month high of $202.38.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($1.04). Jones Lang LaSalle had a return on equity of 10.30% and a net margin of 2.41%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the business earned $3.47 earnings per share. Jones Lang LaSalle’s revenue was down 1.8% on a year-over-year basis. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 14.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on shares of Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating on the stock in a report on Monday, April 10th. Raymond James reduced their price target on shares of Jones Lang LaSalle from $243.00 to $239.00 and set an “outperform” rating on the stock in a report on Friday, January 20th. Citigroup cut their price objective on shares of Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating for the company in a research report on Tuesday, March 28th. StockNews.com began coverage on shares of Jones Lang LaSalle in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, TheStreet lowered shares of Jones Lang LaSalle from a “b-” rating to a “c” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $201.17.

Jones Lang LaSalle Profile

(Get Rating)

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.

Featured Articles

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

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.