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

Los Angeles Capital Management LLC decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,329 shares of the financial services provider’s stock after selling 2,205 shares during the period. Los Angeles Capital Management LLC owned 0.10% of Jones Lang LaSalle worth $15,588,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $29,000. Activest Wealth Management grew its position in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after buying an additional 86 shares during the period. True Wealth Design LLC grew its position in shares of Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL opened at $295.76 on Monday. 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 Incorporated has a 12 month low of $228.48 and a 12 month high of $363.06. The company has a fifty day simple moving average of $312.04 and a 200 day simple moving average of $321.25. The stock has a market cap of $13.72 billion, a P/E ratio of 15.90 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current year.

Insiders Place Their Bets

In related 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 completion of the sale, the director owned 14,985 shares in the company, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle 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 SEC filing for this sale provides additional information. 0.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group lifted 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 report on Wednesday, April 22nd. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Barclays lifted 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 note 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 price target 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.