Cascade Investment Advisors Inc. Cuts Stake in Jones Lang LaSalle Inc (JLL)

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Cascade Investment Advisors Inc. lowered its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the financial services provider’s stock after selling 75 shares during the quarter. Jones Lang LaSalle accounts for 1.2% of Cascade Investment Advisors Inc.’s holdings, making the stock its 16th biggest position. Cascade Investment Advisors Inc.’s holdings in Jones Lang LaSalle were worth $1,388,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. JOYN Advisors Inc. boosted its holdings in Jones Lang LaSalle by 1,328.6% during the fourth quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after buying an additional 186 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Jones Lang LaSalle by 15,162.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 6,303,240 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of Jones Lang LaSalle by 46.4% in the fourth quarter. First Mercantile Trust Co. now owns 410 shares of the financial services provider’s stock worth $52,000 after buying an additional 130 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Jones Lang LaSalle by 465.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 894 shares of the financial services provider’s stock worth $113,000 after buying an additional 736 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $127,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Several equities research analysts recently issued reports on JLL shares. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Barclays restated a “buy” rating and set a $184.00 price objective on shares of Jones Lang LaSalle in a research report on Tuesday, February 26th. JMP Securities restated a “hold” rating on shares of Jones Lang LaSalle in a research report on Sunday, February 17th. Zacks Investment Research cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $178.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $171.25.

Shares of JLL opened at $155.89 on Monday. Jones Lang LaSalle Inc has a 1-year low of $119.79 and a 1-year high of $177.02. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.48 and a beta of 1.68. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.18.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $5.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $1.25. Jones Lang LaSalle had a net margin of 2.97% and a return on equity of 15.80%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $4.92 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities research analysts predict that Jones Lang LaSalle Inc will post 11.63 earnings per share for the current fiscal year.

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About Jones Lang LaSalle

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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