Trillium Asset Management LLC Makes New $27.45 Million Investment in Jones Lang LaSalle Incorporated $JLL

Trillium Asset Management LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 88,575 shares of the financial services provider's stock, valued at approximately $27,455,000. Trillium Asset Management LLC owned approximately 0.19% of Jones Lang LaSalle at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Assetmark Inc. raised its position in Jones Lang LaSalle by 15.8% in the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider's stock worth $74,000 after purchasing an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC increased its stake in shares of Jones Lang LaSalle by 40.4% in the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider's stock valued at $44,000 after buying an additional 42 shares during the period. UMB Bank n.a. increased its stake in shares of Jones Lang LaSalle by 10.6% in the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider's stock valued at $165,000 after buying an additional 47 shares during the period. Ballentine Partners LLC raised its position in shares of Jones Lang LaSalle by 5.3% during the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider's stock worth $320,000 after acquiring an additional 48 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Jones Lang LaSalle by 27.4% in the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 48 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the transaction, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer owned 140,418 shares in the company, valued at $54,135,351.54. This trade represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,805 shares of company stock worth $2,511,297. 0.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JLL shares. Weiss Ratings raised Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Barclays lifted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an "equal weight" rating in a research report on Monday. Raymond James Financial reissued a "strong-buy" rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Zacks Research lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $423.33.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $384.84 on Friday. The stock has a market cap of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84. The stock's 50-day moving average price is $333.92 and its two-hundred day moving average price is $318.70. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.Jones Lang LaSalle's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 EPS. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

About Jones Lang LaSalle

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.

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source