Los Angeles Capital Management LLC Sells 2,205 Shares of Jones Lang LaSalle Incorporated $JLL

Los Angeles Capital Management LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,329 shares of the financial services provider’s stock after selling 2,205 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Jones Lang LaSalle were worth $15,588,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Greenleaf Trust lifted its stake in Jones Lang LaSalle by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after buying an additional 30 shares in the last quarter. Assetmark Inc. lifted its position in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 40 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 48 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Jones Lang LaSalle by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock worth $1,595,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction 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 SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JLL shares. Keefe, Bruyette & Woods cut their price objective on shares of 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. UBS Group boosted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Barclays boosted their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Check Out Our Latest Stock Report on Jones Lang LaSalle

Jones Lang LaSalle Price Performance

Shares of JLL opened at $295.76 on Monday. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 15.90 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 1-year low of $228.48 and a 1-year high of $363.06. The company’s fifty day simple moving average is $312.04 and its 200 day simple moving average is $321.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The business 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 earnings per share. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

About Jones Lang LaSalle

(Free Report)

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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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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