Trillium Asset Management LLC Has $31.58 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• Trillium Asset Management LLC reduced its stake in Jones Lang LaSalle by 12.2%, owning approximately $31.58 million worth of shares after selling 17,720 shares in the first quarter.
• Several institutional investors, including Golden State Wealth Management and Versant Capital Management, have either acquired new positions or increased their stakes in Jones Lang LaSalle during the first quarter.
• Analyst ratings for Jones Lang LaSalle have shown a positive trend, with multiple upgrades and price target increases, reflecting an average target price of $312.43.

Trillium Asset Management LLC trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 12.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,370 shares of the financial services provider's stock after selling 17,720 shares during the quarter. Trillium Asset Management LLC owned about 0.27% of Jones Lang LaSalle worth $31,576,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of JLL. Golden State Wealth Management LLC acquired a new position in shares of Jones Lang LaSalle during the first quarter worth $33,000. Western Pacific Wealth Management LP acquired a new position in shares of Jones Lang LaSalle during the first quarter worth $41,000. Versant Capital Management Inc lifted its position in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after purchasing an additional 253 shares in the last quarter. Covestor Ltd raised its holdings in Jones Lang LaSalle by 30.4% in the first quarter. Covestor Ltd now owns 335 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 78 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Jones Lang LaSalle by 39.9% in the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 105 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Trading Up 0.4%

Shares of JLL traded up $1.08 during midday trading on Friday, hitting $294.71. The stock had a trading volume of 377,426 shares, compared to its average volume of 461,633. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $298.39. The business has a 50-day simple moving average of $258.67 and a two-hundred day simple moving average of $248.47. The firm has a market cap of $13.96 billion, a P/E ratio of 25.34 and a beta of 1.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.55 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JLL shares. The Goldman Sachs Group upped their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group upped their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, Citigroup lowered their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Moderate Buy" and a consensus price target of $316.14.

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.