Jones Lang LaSalle Incorporated $JLL Stock Holdings Lowered by Vulcan Value Partners LLC

Vulcan Value Partners LLC lessened its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,625 shares of the financial services provider’s stock after selling 47,038 shares during the period. Jones Lang LaSalle makes up 0.9% of Vulcan Value Partners LLC’s portfolio, making the stock its 23rd biggest position. Vulcan Value Partners LLC’s holdings in Jones Lang LaSalle were worth $50,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $546,000. Empowered Funds LLC increased its position in Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after acquiring an additional 2,711 shares during the period. EverSource Wealth Advisors LLC raised its stake in Jones Lang LaSalle by 33.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 126 shares in the last quarter. Cresset Asset Management LLC boosted its position in Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Jones Lang LaSalle in the second quarter worth $211,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Jones Lang LaSalle Trading Down 0.1%

Shares of Jones Lang LaSalle stock opened at $297.12 on Friday. The business has a fifty day simple moving average of $310.94 and a 200-day simple moving average of $319.97. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 15.97 and a beta of 1.29. Jones Lang LaSalle Incorporated has a fifty-two week low of $237.03 and a fifty-two week high of $363.06. 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 issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the business earned $2.31 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,245 shares of company stock worth $1,855,590 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle 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.