Jones Lang LaSalle Incorporated $JLL Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,003 shares of the financial services provider’s stock after selling 21,603 shares during the quarter. Jones Lang LaSalle comprises approximately 1.0% of Trillium Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Trillium Asset Management LLC’s holdings in Jones Lang LaSalle were worth $33,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 30 shares in the last quarter. Assetmark Inc. lifted its holdings in Jones Lang LaSalle by 15.8% in the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc lifted its holdings in Jones Lang LaSalle by 7.9% in the 3rd quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 40 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Jones Lang LaSalle by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Jones Lang LaSalle by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Up 0.5%

Shares of JLL stock opened at $299.31 on Friday. The company’s 50-day moving average price is $311.99 and its 200-day moving average price is $320.95. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 16.09 and a beta of 1.29. Jones Lang LaSalle Incorporated has a twelve month low of $233.14 and a twelve month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results 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 company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several recent research reports. 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. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company 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 on the stock 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. Finally, Barclays boosted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $394.00.

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.