Trust Point Inc. Sells 1,438 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Trust Point Inc. reduced its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 36.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,479 shares of the financial services provider's stock after selling 1,438 shares during the quarter. Trust Point Inc.'s holdings in Jones Lang LaSalle were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairvoy Private Wealth LLC lifted its position in shares of Jones Lang LaSalle by 18.4% during the 1st quarter. Fairvoy Private Wealth LLC now owns 3,353 shares of the financial services provider's stock worth $831,000 after buying an additional 521 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Jones Lang LaSalle by 12.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,451 shares of the financial services provider's stock worth $360,000 after buying an additional 159 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Jones Lang LaSalle by 22.0% during the 1st quarter. Fifth Third Bancorp now owns 2,098 shares of the financial services provider's stock worth $520,000 after buying an additional 378 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter worth $342,000. Finally, USA Financial Formulas bought a new stake in shares of Jones Lang LaSalle during the 1st quarter worth $222,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 1.6%

Jones Lang LaSalle stock traded up $3.64 during trading hours on Thursday, hitting $237.36. The stock had a trading volume of 345,911 shares, compared to its average volume of 340,536. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 21.46 and a beta of 1.31. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The business's 50 day simple moving average is $226.36 and its 200-day simple moving average is $247.82.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $1.78 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Citigroup dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group dropped their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $305.00.

Jones Lang LaSalle Company 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.