Los Angeles Capital Management LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free 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
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:JLL – Get 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
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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