Trillium Asset Management LLC Trims Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Trillium Asset Management LLC reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,090 shares of the financial services provider’s stock after selling 19,056 shares during the quarter. Jones Lang LaSalle accounts for 1.0% of Trillium Asset Management LLC’s holdings, making the stock its 27th largest position. Trillium Asset Management LLC owned approximately 0.31% of Jones Lang LaSalle worth $36,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of JLL. FMR LLC raised its position in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after acquiring an additional 459,466 shares in the last quarter. SG Americas Securities LLC grew its holdings in Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares during the period. William Blair Investment Management LLC acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $29,271,000. Allspring Global Investments Holdings LLC grew its holdings in Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after purchasing an additional 114,168 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $26,487,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on JLL shares. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, March 14th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $247.77 on Wednesday. The stock’s fifty day moving average is $265.91 and its two-hundred day moving average is $264.56. The firm has a market capitalization of $11.74 billion, a P/E ratio of 21.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.23 earnings per share. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.