Jones Lang LaSalle Incorporated $JLL Stock Position Cut by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,341 shares of the financial services provider’s stock after selling 2,234 shares during the period. Trillium Asset Management LLC’s holdings in Jones Lang LaSalle were worth $26,380,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at $1,446,414,000. Bank of New York Mellon Corp bought a new stake in shares of Jones Lang LaSalle in the second quarter worth $87,669,000. Bank of America Corp DE bought a new stake in shares of Jones Lang LaSalle in the second quarter worth $83,791,000. Equity Investment Corp purchased a new stake in Jones Lang LaSalle during the second quarter valued at $81,056,000. Finally, William Blair Investment Management LLC increased its position in Jones Lang LaSalle by 338.6% during the third quarter. William Blair Investment Management LLC now owns 315,152 shares of the financial services provider’s stock valued at $96,285,000 after acquiring an additional 243,300 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Jefferies Financial Group set a $438.00 price target on shares of Jones Lang LaSalle and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 8th. Finally, Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $429.33.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded up $1.41 during mid-day trading on Friday, reaching $366.98. 283,257 shares of the company’s stock traded hands, compared to its average volume of 561,232. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a market capitalization of $16.76 billion, a PE ratio of 15.88 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $395.79. The firm has a 50 day moving average price of $331.49 and a two-hundred day moving average price of $325.67.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $6.76 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.61. The company had revenue of $7.28 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Jones Lang LaSalle had a return on equity of 15.05% and a net margin of 3.89%. Jones Lang LaSalle’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $4.50 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 25.16 EPS for the current year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, commonly known as JLL, is a global commercial real estate services and investment management company. It advises businesses, property owners, investors and public-sector organizations on real estate decisions and operations. Its services include leasing and sales, property and facilities management, project and development management, valuation, workplace consulting and capital markets advisory. Through LaSalle Investment Management, JLL also manages real estate investments for institutional and other clients.