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

Trillium Asset Management LLC lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 holding. Trillium Asset Management LLC’s holdings in Jones Lang LaSalle were worth $36,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. raised its position in Jones Lang LaSalle by 7.3% in the fourth quarter. Xponance Inc. now owns 6,903 shares of the financial services provider’s stock valued at $1,747,000 after purchasing an additional 472 shares during the period. Intech Investment Management LLC raised its position in Jones Lang LaSalle by 165.2% in the fourth quarter. Intech Investment Management LLC now owns 75,855 shares of the financial services provider’s stock valued at $19,202,000 after purchasing an additional 47,248 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at $29,271,000. Cibc World Markets Corp raised its holdings in shares of Jones Lang LaSalle by 10.1% in the 4th quarter. Cibc World Markets Corp now owns 13,804 shares of the financial services provider’s stock valued at $3,494,000 after buying an additional 1,261 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Jones Lang LaSalle by 10.8% in the 4th quarter. Corient Private Wealth LLC now owns 35,349 shares of the financial services provider’s stock valued at $8,946,000 after buying an additional 3,459 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JLL shares. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group started 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 boosted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Trading Down 2.3 %

JLL opened at $247.77 on Wednesday. The business has a fifty day moving average price of $265.91 and a 200 day moving average price of $264.56. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 21.95 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

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 (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.23 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle Company 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.