Incline Global Management LLC Sells 19,510 Shares of Jones Lang LaSalle Incorporated $JLL

Incline Global Management LLC lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 49.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,037 shares of the financial services provider’s stock after selling 19,510 shares during the period. Jones Lang LaSalle comprises about 2.3% of Incline Global Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Incline Global Management LLC’s holdings in Jones Lang LaSalle were worth $6,742,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JLL. Integrated Wealth Concepts LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter worth $546,000. Empowered Funds LLC lifted its position in Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Jones Lang LaSalle by 33.8% during the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 126 shares in the last quarter. Cresset Asset Management LLC lifted its position in Jones Lang LaSalle by 28.4% during the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new position in Jones Lang LaSalle during the second quarter valued at $211,000. Institutional investors own 94.80% of the company’s stock.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The SEC filing for this sale provides additional information. Insiders sold 6,245 shares of company stock worth $1,855,590 over the last 90 days. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $297.94 on Thursday. The stock’s 50-day simple moving average is $311.60 and its 200-day simple moving average is $320.32. Jones Lang LaSalle Incorporated has a 52 week low of $233.71 and a 52 week high of $363.06. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 16.02 and a beta of 1.29. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on JLL. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group lifted their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Barclays lifted their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Company Profile

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.