Trillium Asset Management LLC Takes $27.45 Million Position in Jones Lang LaSalle Incorporated $JLL

Trillium Asset Management LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 88,575 shares of the financial services provider’s stock, valued at approximately $27,455,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Jones Lang LaSalle in the second quarter valued at about $26,000. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle in the 3rd quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle in the 4th quarter valued at about $29,000. Activest Wealth Management boosted its holdings in Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth approximately $35,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 1.4%

Shares of NYSE JLL opened at $384.84 on Friday. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 18.44 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84. The stock has a 50-day moving average price of $333.92 and a two-hundred day moving average price of $318.70.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $3.30 EPS. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 140,418 shares in the company, valued at approximately $54,135,351.54. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the transaction, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,805 shares of company stock worth $2,511,297. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research note 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 report on Tuesday. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Barclays lifted their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $423.33.

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.