2,234 Jones Lang LaSalle Incorporated $JLL Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 86,341 shares of the financial services provider’s stock after selling 2,234 shares during the period. Trillium Asset Management LLC owned approximately 0.19% of Jones Lang LaSalle worth $26,380,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $26,000. Johnson Financial Group Inc. purchased a new position in Jones Lang LaSalle during the second quarter valued at $34,000. Reyes Financial Architecture Inc. bought a new stake in Jones Lang LaSalle in the third quarter worth $35,000. Pension & Wealth Management Advisors Inc. bought a new stake in Jones Lang LaSalle in the third quarter worth $38,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth $63,000. 94.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their position. The sale was disclosed in a 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. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the subject of several analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. Jefferies Financial Group set a $438.00 price objective on shares of Jones Lang LaSalle and gave the company a “buy” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $429.33.

Jones Lang LaSalle Stock Up 0.4%

JLL traded up $1.41 during trading on Friday, hitting $366.98. 283,257 shares of the company’s stock traded hands, compared to its average volume of 561,232. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 15.88 and a beta of 1.29. The company’s 50 day simple moving average is $331.49 and its two-hundred day simple moving average is $325.67. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $395.79. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share for the quarter, topping the consensus estimate of $6.15 by $0.61. The firm had revenue of $7.28 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Jones Lang LaSalle had a return on equity of 15.05% and a net margin of 3.89%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.50 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 25.16 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, commonly known as JLL, is a global commercial real estate services and investment management company. It advises businesses, property owners, investors and public-sector organizations on real estate decisions and operations. Its services include leasing and sales, property and facilities management, project and development management, valuation, workplace consulting and capital markets advisory. Through LaSalle Investment Management, JLL also manages real estate investments for institutional and other clients.