Trillium Asset Management LLC Decreases Stake in Jones Lang LaSalle Incorporated $JLL

Trillium Asset Management LLC lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 123,152 shares of the financial services provider’s stock after selling 4,218 shares during the quarter. Trillium Asset Management LLC owned about 0.26% of Jones Lang LaSalle worth $31,501,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its position in shares of Jones Lang LaSalle by 11.9% in the first quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock worth $455,000,000 after buying an additional 195,818 shares during the period. Select Equity Group L.P. boosted its holdings in Jones Lang LaSalle by 50.7% in the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock valued at $263,298,000 after purchasing an additional 357,469 shares during the last quarter. Invesco Ltd. boosted its holdings in Jones Lang LaSalle by 1.8% in the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock valued at $238,479,000 after purchasing an additional 17,336 shares during the last quarter. Swedbank AB boosted its holdings in Jones Lang LaSalle by 115.0% in the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock valued at $239,960,000 after purchasing an additional 501,716 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Jones Lang LaSalle by 21.6% during the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock valued at $135,911,000 after buying an additional 97,492 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

JLL opened at $298.51 on Wednesday. The business’s 50 day moving average is $304.16 and its 200-day moving average is $268.66. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.14 billion, a PE ratio of 25.67 and a beta of 1.46. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the previous year, the business earned $2.55 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group increased their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group raised their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $338.29.

About Jones Lang LaSalle

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.