Public Employees Retirement System of Ohio cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,102 shares of the financial services provider’s stock after selling 2,697 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Jones Lang LaSalle were worth $12,204,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of JLL. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at $25,000. International Assets Investment Management LLC bought a new position in Jones Lang LaSalle during the 4th quarter valued at about $29,000. Activest Wealth Management grew its holdings in Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle in the 4th quarter worth about $35,000. Finally, Bayforest Capital Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter worth about $55,000. Institutional investors own 94.80% of the company’s stock.
Insider Transactions at Jones Lang LaSalle
In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.91% of the company’s stock.
Key Jones Lang LaSalle News
- Positive Sentiment: Zacks Research slightly raised earnings estimates for multiple periods, including FY2026 EPS to $22.58 from $22.53, suggesting expectations remain solid for Jones Lang LaSalle’s profit outlook.
- Positive Sentiment: Analysts nudged up forecasts for Q1 2027, Q2 2027, Q3 2027, Q4 2026, and Q2 2026, indicating only incremental improvement in their view of JLL’s business momentum.
- Neutral Sentiment: Zacks Research still expects Jones Lang LaSalle to earn $22.58 per share in FY2026, close to the broader consensus estimate of $22.85 per share, so the changes were not dramatic.
- Negative Sentiment: The downgrade from Strong Buy to Hold is likely weighing on sentiment, as it signals less enthusiasm from the analyst despite relatively stable earnings forecasts. Zacks.com
Wall Street Analyst Weigh In
JLL has been the topic of a number of analyst reports. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Barclays increased their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average price target of $394.00.
View Our Latest Analysis on JLL
Jones Lang LaSalle Trading Down 0.1%
NYSE:JLL opened at $325.19 on Monday. The firm has a 50-day simple moving average of $306.87 and a 200-day simple moving average of $317.19. Jones Lang LaSalle Incorporated has a one year low of $258.19 and a one year high of $363.06. The firm has a market cap of $15.09 billion, a P/E ratio of 17.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $2.31 earnings per share. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.86 EPS for the current fiscal year.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.
Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.
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