Nisa Investment Advisors LLC Trims Stake in Jones Lang LaSalle Incorporated $JLL

Key Points

• Nisa Investment Advisors trimmed its stake in Jones Lang LaSalle by 36.5% in Q4, selling 7,848 shares and leaving 13,656 shares valued at about $4.595 million.
• JLL posted a strong quarter on Feb. 18, with EPS of $8.71 vs. $7.25 expected and revenue of $7.61 billion, up 11.7% year‑over‑year.
• Insiders have recently sold stock (CEO Richard Bloxam sold 5,440 shares for ~$1.62M; a director sold 2,500 shares for ~$751K), while analysts' consensus is a "Moderate Buy" with an average target of $363.17 and institutional ownership at 94.80%.

Nisa Investment Advisors LLC lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 36.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,656 shares of the financial services provider's stock after selling 7,848 shares during the period. Nisa Investment Advisors LLC's holdings in Jones Lang LaSalle were worth $4,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the third quarter valued at approximately $25,000. Caldwell Trust Co purchased a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $38,000. Chilton Capital Management LLC increased its holdings in shares of Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider's stock worth $40,000 after buying an additional 33 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $41,000. Finally, Root Financial Partners LLC bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $305.75 on Friday. The company has a 50-day simple moving average of $314.09 and a two-hundred day simple moving average of $317.50. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $363.06. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 18.63 and a beta of 1.41. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating analysts' consensus estimates of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.15 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on JLL shares. Zacks Research raised Jones Lang LaSalle from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Wall Street Zen upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods reduced their price objective on 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 upgraded Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. Finally, Barclays cut their target price on Jones Lang LaSalle from $360.00 to $355.00 and set an "equal weight" rating for the company in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $363.17.

Insider Activity at Jones Lang LaSalle

In related 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 transaction of $1,615,353.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director directly owned 14,985 shares of the company's stock, valued at $4,502,992.50. The trade was 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 Company 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.

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