Intech Investment Management LLC Sells 4,020 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Intech Investment Management trimmed its Jones Lang LaSalle stake by 5.4% in the fourth quarter, selling 4,020 shares and leaving it with 70,476 shares valued at about $23.7 million.
• JLL’s latest earnings beat expectations, with quarterly EPS of $3.43 versus $3.01 expected and revenue of $6.39 billion, up 11.1% year over year.
• Wall Street remains cautiously positive on the stock, with a consensus rating of “Moderate Buy” and an average price target of $394, while the shares recently traded at $285.92, below that target.

Intech Investment Management LLC cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,476 shares of the financial services provider's stock after selling 4,020 shares during the period. Intech Investment Management LLC owned 0.15% of Jones Lang LaSalle worth $23,713,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle during the fourth quarter valued at about $29,000. Activest Wealth Management grew its stake in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Chilton Capital Management LLC raised its holdings in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider's stock worth $40,000 after purchasing an additional 33 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider's stock valued at $45,000 after buying an additional 132 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods cut 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 report on Tuesday, February 24th. Barclays increased their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an "equal weight" rating in a report on Wednesday, May 13th. Zacks Research downgraded Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. Finally, UBS Group increased their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $394.00.

Jones Lang LaSalle Trading Down 1.4%

NYSE:JLL opened at $285.92 on Friday. The company has a market capitalization of $13.26 billion, a P/E ratio of 15.37 and a beta of 1.34. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $217.21 and a 12 month high of $363.06. The firm has a fifty day simple moving average of $312.93 and a 200-day simple moving average of $321.70.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of the company's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director directly owned 14,985 shares of the company's stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.